Savills

Today’s news in brief – 22/09/23

Comptoir Libanais reported revenues of £14.8m for the six months ending 2 July, a 2.1% increase. However, adjusted EBITDA profits were down 73.7% from 2022 levels to £1m due to challenges in the trading environment. Like-for-like sales increased by 6%, with dine-in sales growing by 8.1%. Delivery sales declined in…

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JD Wetherspoon puts new pubs up for sale

JD Wetherspoon has confirmed that it has put a further 11 pubs across England and Wales up for sale. CBRE and Savills have both been appointed to oversee the sales of the pubs which are mainly freehold properties with one leasehold property. The company has confirmed that all the pubs…

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14 free of tie public house investments brought to market

Savills, on behalf of a private client, has launched the sale of 14 freehold public houses across the UK. The properties are located throughout England across popular locations such as London, Bristol, York, Sheffield and Tunbridge Wells and are being offered for sale individually or in small packages. The pubs…

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Pub Punch Q2 revenues hit £158m

Punch Pubs has recently reported revenues of £158.1m for the 28 weeks ended February 2023, compared to £142.6m for the same period last year. Earnings before taxes for the group were £37.5m, slightly less than the £38.6m reported the previous year. Punch Pubs has said that last year’s results benefited…

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Churches Mansion freehold brought to market for £1.85m

On behalf of a private client, Savills has brought restaurant Churches Mansion’s freehold to market for a guide price of £1.85m to be sold as a going concern.  The restaurant, which is located in Nantwich, Cheshire, is a Grade I-listed detached, two storey Tudor building dating back to 1577.  Churches…

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JD Wetherspoon lists 32 pubs for sale

JD Wetherspoon has put 32 pubs across England on the market, with CBRE and Savills appointed to market the pubs.  The group, which operates around 800 pubs in the UK and Ireland, said it was a “commercial decision” with more than half located in London and the south-east. The sites…

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Turquaz set to open on Jewry Street in Winchester

Authentic Turkish restaurant chain, Turquoise Group, is set to open its 15th Turquaz restaurant on 18 Jewry Street in Winchester. The opening date is currently set for early September 2022.  It is reported that a new 15-year lease has been agreed on the Grade II-listed city centre property, which comprises…

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Coaching Inn Group acquires Forest Park Hotel and restaurant

The Coaching Inn Group, a subsidiary of RedCat Pub Company, has revealed it has completed the acquisition of Forest Park Hotel, Brockenhurst for an undisclosed sum. The Country Hotel and Inn is located in the heart of the New Forest, on the edge of the village of Brockenhurst with 40…

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Jamaica Blue launches first Northern Irish store

Jamaica Blue has opened its first casual dining coffee shop in Ireland at the Forestside shopping centre, Belfast, as part of the coffee chain’s UK wide expansion. The new site has seen the business invest £350,000 in fit out costs, and it will employ up to 15 people as part…

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Holly Bush Inn on the market for £750,000

The historic Holly Bush Inn in Little Leigh near Northwich has been put on the market at a guide price of £750,000. The Grade-II listed property comprises four separate buildings over a 2.63 acre site in the Cheshire countryside. Together the four buildings offer 14 en-suite letting rooms, a three-bedroom…

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