Edinburgh pub site sales concluded

An Edinburgh pub and a site in the city housing another two pubs have just been sold.

The Royal McGregor bar and restaurant on Edinburgh’s Royal Mile, which is currently tenanted, has been acquired by a private investor for an undisclosed sum.

Tony Spence, business agent at Christie & Co’s Edinburgh office, who brokered the sale, told DRAM, “It was an off-market transaction to an anonymous investor and it will continue to operate as a pub and restaurant.”

Meanwhile, Exchange Plaza, the site housing BrewDog and Mitchells & Butlers’ All Bar One, has been sold for reported £54m by the investment arm of Sir David Murray’s family, the capital group, to M&G Real Estate. It has several investments in Edinburgh, like the four-acre mixed-use Haymarket development and 40 Torphichen Street, a 57,000 square foot office development.

 

 

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