Fri, 13 May 2011 | BUSINESS SALE
The Royal Bank of Scotland is gearing up for a sale of its portfolio of 900 public house freeholds, and will appoint advisers from Sapient Corporate Finance and its own corporate finance team.
The bank became one of the UK’s biggest pub landlords in 2000 when it bought the estate from Scottish & Newcastle, which has continued in the role of property manager and beer supplier to the offloaded pubs since the deal completion.
Though a price has not been disclosed, it has been predicted that the portfolio - which features the freehold of Guy Ritchie’s Mayfair pub, The Punchbowl - is worth up to £600 million.
It is believed that the sale has been in the pipeline for some time already. RBS previously received interest for the pubs from three property businesses and one trade player back in 2009.
The sale marks the latest in a spate of pub deals indicating improved confidence in the sector. Greene King snapped up Realpubs’s 14 London pubs in a £53 million deal. While Geronimo Inns sold 26 pubs to Young & Co’s pocketing £60 million.
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
Offers sought for the business and assets of a group of Hearing and Ear care Clinics operating across three locations in London and Sussex. The business provides complete end-to-end hear care services to clients, which include Hearing Tests and Aids,...
LEASEHOLD
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