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.
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