07 August 2014
Colin Neill, Chief Executive for Pubs of Ulster said:
“Transfer of debt by banks and financial institutions is not unusual and Ulster Bank’s intentions to transfer its debt within particular sectors is well known. Pubs of Ulster understands that it is business as usual for Beannchor and that none of the Group’s licensed premises are for sale.
“Beannchor has contributed significantly to the growth in the hospitality industry in Northern Ireland; it has played a key role in reviving Belfast city centre, where it is apparent that a new and vibrant night time economy is flourishing, and indeed in other places across Northern Ireland.
“Pubs of Ulster is confident that the portfolio will continue to trade very successfully.”