Last checked at 5 Oct 2015 16:30
5 October 2015
Christie Group plc
Christie + Co advises on successful sale of 53 pubs to Stonegate Pub Company
Christie Group plc ('Christie' or the 'Group'), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announced that Christie + Co, its specialist provider of agency and advisory services, has completed the sale of 53 pubs to Stonegate Pub Company on behalf of Tattershall Castle Group ('TCG') for an undisclosed sum.
The acquisition brings Stonegate's number of operating sites to 665 and cumulates a successful few months for the Christie + Co pubs team who in the last 12 months have valued or brokered over £6 billion worth of assets.
Neil Morgan, Head of Pubs at Christie + Co comments: "We are delighted to have been involved in this major transaction, particularly as TCG is effectively one of the last sizeable Managed House portfolios to be sold. The transaction, and further work of the team over the past year, demonstrates Christie + Co's credentials in the market and that there is certainly renewed confidence and opportunity within the sector."
Enquiries:
Christie Group plcDavid Rugg
Chief Executive 020 7227 0707
Daniel Prickett
Chief Financial Officer 020 7227 0700
Fiona Fieldhouse 020 7227 0794
Christie + Co Media Relations Manager
Charles Stanley Securities
Nominated Adviser & Broker
Russell Cook 020 7149 6000
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.
Christie Group operates in two complimentary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie + Co, Pinders, Christie Finance and Christie Insurance: 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 agency business.
For more information, please go to www.christiegroup.com.