Propel Morning Briefing Mast Head Propel Hospitaliity website Paul's Twitter Link Subscribe Unsubscribe Web Version Forward Email Star Pubs and Bars Banner Morning Briefing Strap Line
Fri 30th Sep 2016 - JD Wetherspoon to sell further five pubs
JD Wetherspoon to sell further five pubs: JD Wetherspoon has appointed CBRE and Savills to sell a further five of its pubs, taking the number of properties currently available on the market to 26. The properties comprise a mix of 11 freehold/long leaseholds and 15 free-of-tie leases located in strong town and city centre locations within England, Scotland and Wales. The assets are being considered for sale either individually, in small packages or as a portfolio. The five new pubs being marketed are the Robert Hamilton, Airdrie; Central Bar, Cardiff; Robert Ransome, Ipswich; Jug & Jester, Leamington Spa; and Colombia Press, Watford. This new campaign follows the initial success of a sales programme by Wetherspoon that has seen properties sold in recent months to operators including Stonegate, Hawthorn Leisure, Amber Taverns, Brewhouse & Kitchen, Intertain, Urban Pubs & Bars and Draft House. A spokesperson on behalf of the joint agents commented: “We are delighted with the success of the earlier campaign and the addition of five new pubs will continue to attract interest from a large variety of sources. The mix of freehold and leasehold properties gives the portfolio a broad appeal making them suitable for a wide range of investors. In addition, the high level of JD Wetherspoon’s initial capital expenditure has already been recognised with one recent buyer commenting that it allowed them to fit-out for a fraction of the usual costs and time helping them to refocus the operational style of these properties and be up and trading very swiftly.”

Return to Archive Click Here to Return to the Archive Listing
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
Propel Quarterly Spring 2018view online
BT Banner
NT Assure Banner
Marstons Banner
Ei Group Banner
Glycol Cooling Systems Banner
Casual Dining Show Banner
Wi5 Banner
Trail Banner
Lamb Weston Banner
Catapult Banner
Brothers Banner
Pago Banner
Venners Banner
HGEM Banner
Zonal Banner
Startle Banner
COREcruitment Banner
Venners Banner
liveRES Banner
Punch Taverns Link Punch Taverns Link
BT Banner
ALMR Web Link Web Version Unsubscribe Subscribe Propel Info website