News > General News

Marston's to let 280 pubs go

20-Mar-2007

Related topics: Pub industry statutory code, General News, Property News

Marston's to let 280 pubs go

Marston's, the brewer and pub operator, has put 280 bottom-end pubs up for sale, according to MA's sister publication M&C Report.

 

It is thought that PricewaterhouseCoopers has been given the mandate to oversee the disposal.

 

The pubs, which are thought to be worth between £50m and £70m, are likely to attract interest from Admiral Taverns, InnDeed and London Town, as well as from private equity groups.

 

Most of the properties in the package are currently operated as leased pubs.

 

Marston's indicated at the start of the year that it would be selling £50m of pubs during 2007.

 

Marston's declined to make any comment on the 280-strong package.

Find us on Facebook

Spotlight

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

Craft Cider Trends

Craft Cider Trends

As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Here,...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

PMA's Most Mentioned 2014

PMA's Most Mentioned 2014

The Publican's Morning Advertiser has carried out its own research to uncover the 20 pubcos that have...

Follow us on