Case Studies
Christie + Co received significant
interest in the R&L Properties pub estate
it put to the market on behalf of the
administrators in April 2011.
By the end of the year, more than half
of the pubs we originally put on the
market were sold (like the Kings Arms in
Whitchurch) or subject to agreed deals.
Christie + Co’s work on this estate saw
it awarded a further tranche to take to
market by the administrators.
R&L Pubs
The acquisition of the award-winning
Poole ‘gastropub’ The Cow, by Greene
King in a sale negotiated by Christie +
Co, emphasised the increasing demand
for quality by the pub companies.
Crowned National Freehouse and Pub of
the Year in 2007, The Cow is housed in a
Victorian building and has a reputation as
a busy, vibrant and classical 'gastropub'-
cum-bistro. The freehold was sold close
to a guide price of £1.2 million.
The Cow/Greene King
The acquisition of the Royal Bank of Scotland’s ‘Galaxy’ estate for a reported £412 million by
Heineken UK company S&NPC represented the year’s major deal in the pub sector and the
biggest deal for many a year. Christie + Co was delighted to have been able to advise RBS
through the process which saw Heineken UK gain a major estate, including London’s famous
Punch Bowl, and the existing tenants of the pubs have their futures secured.
RBS Galaxy estate
In addition to the R&L Properties pub sales, Christie + Co sold well over 400 pubs during 2011
for the likes of Punch Taverns, Marston’s, Admiral Taverns and Enterprise Inns, whose Black
Lion Hotel in Ceredigion was amongst the disposals negotiated by Christie + Co. Through 2011
we were able to report an increase in the number of sold pubs remaining as pubs.
Enterprise Inns
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