Christie Group PLC
25 September 2009
25th September 2009
Christie + Co markets c.300 pubs for Punch Taverns
Christie + 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.
The pubs, some of which have previously been on the market, are spread
throughout the UK and range in price from nil premium leases to GBP500,000. Over
90% of the sites are freehold and most are available with vacant possession.
Punch 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."
Neil 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."
This 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 month period.
In late 2008, Punch Taverns instructed Christie + Co to offer 50 of its managed
houses either as freehold or lease opportunities. Christie + Co successfully
completed the marketing of the majority of this package earlier this year.
David Rugg 020 7227 0707
Christie Group plc
Philip Davies 020 7149 6000
Charles Stanley Securities
Tom Cooper 0797 122 1972
Notes to Editors:
Christie Group plc (CTG.L), quoted on AIM, is a leading professional business
services group with 37 offices across the UK, Europe and Canada, catering to its
specialist markets in the Leisure, Retail and Care sectors.
Christie Group operates in two complementary business divisions: Professional
Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These
divisions trade under the brand names: PBS - Christie + Co and Pinders: SISS -
Orridge, Venners and Vennersys.
Tracing its origins back to 1846, the Group has a long established reputation
for offering essential services to client companies in agency, valuation
services, investment, consultancy, project management, multi-functional trading
systems and online ticketing services, stock audit and inventory management. The
diversity of these services provides a natural balance to the Group's core
For more information, please go to www.christiegroup.com
This information is provided by RNS
The company news service from the London Stock Exchange