Advertisement

Wetherspoons to sell regional Irish pubs for €10m

The British chain is to sell properties in Cork, Waterford, Galway, and Carlow for a guide price of €10 million
Jack Quann
Jack Quann

08.37 18 Oct 2023


Share this article


Wetherspoons to sell regional...

Wetherspoons to sell regional Irish pubs for €10m

Jack Quann
Jack Quann

08.37 18 Oct 2023


Share this article


The pub group Wetherspoons is to sell several of its Irish pubs in regional areas.

The British chain is to sell properties in Cork, Waterford, Galway and Carlow for a guide price of over €10 million.

Three of the properties are currently trading and the fourth is a former nightclub.

Advertisement

The Tullow Gate, Carlow The Tullow Gate, Carlow. Image: Savills

An Geata Arundel in Waterford, The Linen Weaver in Cork and The Tullow Gate in Carlow will be sold along with the former Carbon Night Club in Galway.

The Galway property has recently been granted planning permission for a licensed premises and restaurant use.

Savills and CBRE have been jointly appointed to the sale by JD Wetherspoon.

An Geata Arundel in Waterford An Geata Arundel in Waterford. Image: Savills

Stephen McCarthy of Savills said the offering could see other businesses scale up their existing operations.

"The Wetherspoon portfolio offers a rare opportunity to acquire an exceptional collection of landmark licensed properties in some of the most coveted locations in the country," he said.

"Accordingly, we anticipate the portfolio will appeal to a broad cross-section of hospitality groups seeking to scale their existing operation and benefit from the extensive investment which has already being committed to these assets."

The portfolio is being offered for sale by private treaty in one or separate lots.

The sale will not affect other Wetherspoons operations in Ireland, Savills has said.

Main image: The Linen Weaver in Cork. Image: Savills

Share this article


Read more about

An Geata Arundel Carbon Night Club JD Wetherspoon Savills Stephen McCarthy The Linen Weaver The Tullow Gate Wetherspoons

Most Popular