Pub operator London Town has acquired 39 pubs in North and West England for £16.24m from property holding company Save, part of Incorporated Holdings.
The portfolio comprises 30 freehold and nine leasehold properties, making an average price of £416,000 per pub.
London Town plans to finance the deal through a £12.7m bank loan from Anglo Irish and a near-£10m share issue.
Non-executive chair, Andrew Wilson, said: “This acquisition represents another milestone in the group’s development, as it seeks to further enhance shareholder value from its expanding portfolio of pubs, which present attractive growth opportunities”
The company, which now owns 225 sites, anticipates that the new collection will earn £1.14m gross per annum before paying the operator, County Estates Management.
Pub operator London Town has acquired 39 pubs in North and West England for £16.24m from property holding company Save, part of Incorporated Holdings.
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Thanks to the participation of 150,000 people across 141 countries, the social campaign
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Pub operator London Town has acquired 39 pubs in North and West England for £16.24m from property holding company Save, part of Incorporated Holdings.
The portfolio comprises 30 freehold and nine leasehold properties, making an average price of £416,000 per pub.
London Town plans to finance the deal through a £12.7m bank loan from Anglo Irish and a near-£10m share issue.
Non-executive chair, Andrew Wilson, said: “This acquisition represents another milestone in the group’s development, as it seeks to further enhance shareholder value from its expanding portfolio of pubs, which present attractive growth opportunities”
The company, which now owns 225 sites, anticipates that the new collection will earn £1.14m gross per annum before paying the operator, County Estates Management.
Pub operator London Town has acquired 39 pubs in North and West England for £16.24m from property holding company Save, part of Incorporated Holdings.
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
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Elevate is set to celebrate its 10th anniversary in style this June, with organisers
confirming the event’s largest-ever drinks reception as registrations continue to run more
than 10% ahead of last year.
Thanks to the participation of 150,000 people across 141 countries, the social campaign
surpassed one billion Moves collected, which were converted into a donation of one million
school meals to support children in need.
Hundreds of staff, MPs and Peers from across Westminster have signed up for the Fit for
Office parliamentary physical activity challenge, which takes place throughout June and is
hosted by ukactive and Technogym.