Young's denies Ram sale is a done deal

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Related tags: The sale, The council, Council of the european union

Young's has fiercely denied that the sale of the Ram Brewery is a done deal.The London-based brewer said that while a sale of the site could...

Young's has fiercely denied that the sale of the Ram Brewery is a done deal.

The London-based brewer said that while a sale of the site could potentially be desirable, any decision was a long way off.

Intense speculation had suggested that Wandsworth Council was set to issue a Compulsory Purchase Order for the 10-acre brewery, but the company said this was not the case.

Young's is in ongoing discussions with the council over a possible relocation. The company's departure from the site could pave the way for much-needed improvements to traffic systems as well the development of private flats. A sale of the brewery would generate millions for the company - up to £50m, experts think.

A Young's insider said: "There is much to be done and it is a very complicated process. Planning permission to redevelop the site may not be straightforward - there is a whole myriad of issues."

Related articles:

Young's brewery site is worth 'at least £20m' (3 December 2003)

Young's ponders future of historic Ram Brewery (27 November 2003)

Related topics: Beer

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