14 October 2011

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.”

For more information, contact James Grimes on 020 7836 7826, e-mail jgrimes@agg.uk.com or media@agg.uk.com.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

8 Exchange Court,
London, WC2R 0JH