Enterprise Inns today sold seven more of its London pubs via a sale and leaseback arrangement, grossing at least £10.15m in the process.
Six of the pubs were sold through auctioneers Allsop, through whom the pubco sold and leased back 14 pubs late last year.
A seventh pub, the Metropolitan in the West London district of Westbourne Grove, was sold prior to the auction taking place, while an eighth, the Northumberland Arms on King’s Cross Road, also in the capital, was withdrawn from the auction before proceedings got underway.
The latest sales takes Enterprise’s gross sale and leaseback proceeds to more than £35m, while the rental bill from the disposals, including today’s activity, now totals more than £2m.
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