Friday, May 11, 2007

EXPENDITURE STRATEGY – MARSTON’S

Brewer Marston's has sold 279 pubs, which include some smaller non-food pubs, for £82.5m to a property fund Piccadilly Licensed Properties because a smoking ban is set to come into force in the UK in July to increase the average quality of its tenanted and leased estate, and to place itself in a better position to take advantage of positive market trends, including growth in pub dining

Pub companies are selling off sites or converting them to include facilities to serve food.

Will the pubs of folklore disappear therein?

[Click here for full story at: BBCNEWS.COM]

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