JD Wetherspoon has announced it is to close a further 33 of its pubs across the UK, a majority of which will occur in London and the south of England. The popular budget gastropub already announced the sale of 12 pubs in 2015, bringing the new total of pubs to close at 45.
Estate agents CBRE and Savills announce they have been instructed to sell off or let out 45 Weatherspoon pubs either as individual sales or in groups. Of the 45 going on the market, 23 are in London of south of England, reported the Morning Advertiser.
A spokesperson said: "The portfolio represents an extremely rare opportunity to acquire high volume managed houses in established locations that have a high proportion of food sales. They should appeal to existing operators looking to expand, to new entrants looking for a major platform which can be used to build a successful managed house estate and to investors keen to gain further representation in the sector."