Island is a bridge between Capital and Greene King
If there’s a pub that marks the take-over of the Capital Pub Company by Greene King, it’s The Island in up-and-coming Kensal Rise, west London.
When licensed leisure specialists AG&G were asked to look for a buyer, they showed the distinctive, modernist building – described by its then-owners as “a 70s-built bunker of a pub” – to a select few corporates, Capital among them.
“By the time the sale completed, at above its £2 million asking price, Greene King were the equally enthusiastic signatories,” says AG&G director James Grimes. “It’s a great position in a fashionable area, has good outside space and a reputation for its food, so it’s an excellent fit.
“It also shows that there’s always demand for the right property at the right price, especially in London.”