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Marstons sells Newcastle Pitcher & Piano

Marstons has sold Newcastle Quayside’s popular Pitcher & Piano restaurant and bar to Cordea Savills on behalf of a pension fund client advised by the Savills Leisure team, for £7.55m, representing a net initial yield of 4.35%.
By James Buckley
March 17, 2014 | 1:32 P.M.

The property is one of 18 UK Pitcher & Piano’s in Marston Group’s portfolio and generates an annual rental income of £350,000.

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