Nomura considers deal to buy and leaseback Laurel pubs

From The Publican

14-Oct-2002

Related topics: Company & City News

Nomura is back on the pub acquisition trail, with plans for a £300m purchase-and-leaseback of part of the Laurel Pub Company estate.


If successful, the deal would be Nomura's first new venture into the pub market since the departure Guy Hands, who set up the Japanese bank's UK pub investment arm.


However, Nomura has come late to the party and is only one of three bidders for the pubs.


The front runner is said to be London & Regional Properties, with another property company, Rotch, also on Laurel's shortlist.


Laurel is expected to settle on a preferred bidder this week, and will provide further information about the proposed sale to the chosen company.


An announcement on the deal is expected sometime in November.

Find us on Facebook

Spotlight

Top tips for Halloween & Bonfire Night

Top tips for Halloween & Bonfire Night

Phil Mellows speaks to licensees and brand owners to find out ways pubs can increase footfall during...

Day of the Dead: hosting the event

How to host a Day of the Dead event

Pubs hosting Day of the Dead celebrations can boost footfall, gain attention and remind people that life...

Legal advice: combating cumulative impact

Legal advice: combating cumulative impact

The words ‘cumulative impact’ can strike fear into the hearts of operators across the land, particularly if...

Milkshakes: How to boost your GP

Milkshakes: How to boost your GP

Milkshakes are not just drinks for children. Nigel Huddleston adds a double shot of spirit and shows...

Follow us on