Business
Christie + Co markets c.300 p
Christie + Co markets c.300 p.
About this update from Christie Group Plc
[{"type":"text","content":"\n RNS Number : 6497Z Christie Group PLC 25 September 2009 \n \n \n 25th September 2009\n\n\n Christie + Co markets c.300 pubs for Punch Taverns\n\nChristie + Co, the professional services division of Christie Group Plc, has been instructed by Punch Taverns, the UK's largest pub company, to market more than 300 individual pubs from its turnaround division.\n\nThe pubs, some of which have previously been on the market, are spread throughout the UK and range in price from nil premium leases to £500,000. Over 90% of the sites are freehold and most are available with vacant possession.\n\nPunch Taverns said: 'Some of these sites have already been on the market but they are being relaunched through Christie + Co, many at revised prices, to stimulate interest and secure buyers.'\n\nNeil Morgan, Christie + Co's Head of Pubs, said: 'We expect the majority of these pubs to continue to be operated as licensed premises, although a significant number will provide ideal alternative-use opportunities across the residential, commercial and retail sectors.' \n\nThis instruction follows previous campaigns undertaken by Christie + Co for Punch, including the letting in 2006/7 of a third of the company's managed house division Spirit Group - the best quality houses ever offered on lease in the UK. Christie + Co successfully undertook the conversion from managed to lease of circa 630 pubs over an 18 mon...