Member Article

Leeds pub sold for retail development

The Pubs & Leisure team at CBRE Leeds, acting on behalf of Punch Taverns plc, has sold the Gamecock public house in Bramley, Leeds to Resilienti, a priovate developer based in Peterborough. The freehold property sold for £350,000.

The pub, which was no longer viable due to market conditions, will be converted into a retail scheme by Resilienti. Development Director Kerrie Whiteley commented; “We have agreed lease terms with Heron Foods, Greggs and Subway and the development will be completed in 2013. Working with CBRE and Punch Taverns proved efficient and we hope to work with them again in the future.”

Sam Frankland from CBRE’s Pubs & Leisure team continued; “This sale illustrates the Specialist Markets Teams’ ability to unlock value in our clients’ property portfolios and also to utilise the CBRE network to introduce buyers outside of the region to stimulate development and growth.”

This is the latest in a series of instructions for the team who is currently marketing in the region of 50 properties.

This was posted in Bdaily's Members' News section by Space PR .