Greene King to sell 150 tenanted pubs

18 October 2006
Greene King to sell 150 tenanted pubs

Brewer and pub operator Greene King has confirmed plans to sell a package of about 150 tenanted pubs, most of them in the South of England.

The pubs, most of which are freeholds, are a mix of smaller, drinks-led operations and sites with property redevelopment potential.

The company is understood to have appointed consultancy PricewaterhouseCoopers to advise it on the sale process, although the asking price is not known, according to The Times newspaper.

Greene King chief executive Rodney Anand confirmed the sale plan, explaining that the pubs affected were of a high quality but no longer met the group's estate criteria.

The move reflects a wider trend in the pub sector where operators have started to offload "wet-led" pubs before the smoking ban next year to focus on food-based operations.

Greene King signs rugby deal >>

Greene King to close Kimberley brewery after Hardys & Hansons takeover >>

Greene King and Compass Group pick up IGD Food Industry Awards >>

By Daniel Thomas

E-mail your comments to Daniel Thomas]( King to sell 150 tenanted pubs) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku]( "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking