Thu, 01 Dec 2011 | DIVISION SALE
Thirty-seven Scottish pubs have been put on the market by Suffolk-based brewer, Greene King.
The Scottish pubs, which are all part of Dunbar's Belhaven brewery portfolio, are being sold by Greene King as part of its "rationalisation programme of its leased and tenanted estate", to allow the company to focus on other pubs and "new developments in Scotland".
Belhaven and its pubs were bought by Greene King in 2005, and all of the 37 outlets are part of its leased and tenanted estate, so are not managed directly by the group, but rather by independent landlords.
A spokesman for Greene King said, "The 37 licensees have been notified of the sales, which are being handled through agents at DM Hall, and Belhaven will be working with them during the transition."
It is thought that all of the pubs will remain operating as normal while the search for buyers is carried out.
Graeme Todd, a partner at the Glasgow office of DM Hall, said that he had high hopes for the future of the pubs. He explained, "We are seeing a very positive response to the sale of the Belhaven portfolio, which covers a geographic area from Banff in the north right down to the Borders."
Six of the pubs are reportedly already under offer and others are likely to be bought by companies or investors looking at other uses for them.
An exciting opportunity to acquire a highly profitable luxury holiday let business and residential/owners accommodation. This unique holiday accommodation business offers a boutique collections of luxury, design-led stays and over 15 acres of versati...
FREEHOLD
This is a unique chance to acquire a highly profitable, conversion rate optimisation-focused Shopify agency with a stronghold in the beauty, skincare, and premium direct-to-consumer sectors, demonstrating impressive year-on-year growth and remarkable...
This well-established company offers a unique opportunity to acquire a business with a robust track record in the social housing sector, specialising in refurbishing void and neglected properties for housing associations. Boasting strong, long-term c...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.