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Laurel puts 94 pubs up for sale

29 February 2008 by
Laurel puts 94 pubs up for sale

Struggling Laurel Pub Company has put 94 of its sites up for sale in the same week it closed 22 pubs as part of a refinancing exercise.

The 94 sites are all leaseholds and include a mixture of Yates's, Hog Head, Litten Tree and Bar Med sites and are being sold through property agent Colliers CRE.

Laurel has an estate of its 460 pubs and restaurants, which includes bar brand Yates's with 114 sites.

Colliers CRE director Paul Breen said: "Mostly these sites are fully fitted and there is a great opportunity here for someone to pick something up that is ready to operate."

A spokeswoman for the company said that it was always the plan for the company to refinance in 2008 and the situation remained "fluid".

The 94 sites up for sale includes the 22 sites that have closed their doors for trading this week.

Laurel looks to put up to 100 pubs into administration >>

By Christopher Walton

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