27/10/2008
Property Group Raises 'Stake' In Ulster Eateries
A top property firm has just raised its stake in a chain of well-known Ulster pubs and eateries.
Mar properties now has a 75% holding in WEN Inns, which owns around 19 hot entertainment spots across Northern Ireland.
The property group boosted its ownership by 25%, giving it a bigger sway in popular venues such as the Groomsport Inn, the Stables in Groomsport; the Hillside in Hillsborough; and the Bryansburn Inn in Bangor.
Holdings were also raised in Scandown LLP, bringing the group's control as a partner to two-thirds.
Scandown LLP runs a string of high-profile licensed premises across the province, including the Portaferry Hotel, Hunters and the East Ender in Belfast; and the Auld House at Moneyrea.
MAR has a 50% interest in many other licensed premises in Counties Down and Antrim.
The Esplanade Bar in Bangor; the Tipsy Toad in Lisburn; and the Hedgehog & Bucket in Belfast to name a few.
Group boss Robin Horner said: "Previously these pubs came under what was loosely called the Jewel Group, although there was no such legal company entity.
"We have now taken steps to provide a more robust financial platform for all our licensed outlets."
(PR/JM)
Mar properties now has a 75% holding in WEN Inns, which owns around 19 hot entertainment spots across Northern Ireland.
The property group boosted its ownership by 25%, giving it a bigger sway in popular venues such as the Groomsport Inn, the Stables in Groomsport; the Hillside in Hillsborough; and the Bryansburn Inn in Bangor.
Holdings were also raised in Scandown LLP, bringing the group's control as a partner to two-thirds.
Scandown LLP runs a string of high-profile licensed premises across the province, including the Portaferry Hotel, Hunters and the East Ender in Belfast; and the Auld House at Moneyrea.
MAR has a 50% interest in many other licensed premises in Counties Down and Antrim.
The Esplanade Bar in Bangor; the Tipsy Toad in Lisburn; and the Hedgehog & Bucket in Belfast to name a few.
Group boss Robin Horner said: "Previously these pubs came under what was loosely called the Jewel Group, although there was no such legal company entity.
"We have now taken steps to provide a more robust financial platform for all our licensed outlets."
(PR/JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
09 April 2024
Other News In Brief
Executive Must 'Start Delivering' – SDLP The SDLP has said that the Executive must "start delivering for people across the North". SDLP Leader of the Opposition Matthew O'Toole MLA made the call during a debate on the Spring Supplementary Estimates in the Assembly on Tuesday.
Other News In Brief
Executive Must 'Start Delivering' – SDLP The SDLP has said that the Executive must "start delivering for people across the North". SDLP Leader of the Opposition Matthew O'Toole MLA made the call during a debate on the Spring Supplementary Estimates in the Assembly on Tuesday.
03 April 2024
PSNI ACC Issues Statement Following 'Really Busy Easter'
PSNI Assistant Chief Constable, Bobby Singleton, has commented on a "really busy Easter for the Police Service with close to 80 parades taking place across the country". ACC Singleton said that he wanted to put on record his thanks to event organisers and participants who worked with the force to keep people safe.
PSNI ACC Issues Statement Following 'Really Busy Easter'
PSNI Assistant Chief Constable, Bobby Singleton, has commented on a "really busy Easter for the Police Service with close to 80 parades taking place across the country". ACC Singleton said that he wanted to put on record his thanks to event organisers and participants who worked with the force to keep people safe.
21 March 2024
Down Royal Announces Fibrus As New Headline Sponsor
Racegoers of all ages across Northern Ireland are being encouraged to attend Down Royal's brand-new Fibrus Family Race Day taking place on Sunday 14th April 2024. This partnership will see Fibrus secure title naming rights to this year's new race meeting bringing the total number of fixtures at Down Royal in 2024 to fourteen.
Down Royal Announces Fibrus As New Headline Sponsor
Racegoers of all ages across Northern Ireland are being encouraged to attend Down Royal's brand-new Fibrus Family Race Day taking place on Sunday 14th April 2024. This partnership will see Fibrus secure title naming rights to this year's new race meeting bringing the total number of fixtures at Down Royal in 2024 to fourteen.
26 February 2024
Additional £8.1m Announced For Road Maintenance Across NI
An additional £8.1 million has been announced for investment in structural road maintenance across NI, Infrastructure Minister John O'Dowd has announced.
Additional £8.1m Announced For Road Maintenance Across NI
An additional £8.1 million has been announced for investment in structural road maintenance across NI, Infrastructure Minister John O'Dowd has announced.
19 February 2024
Tax Credit Families Receiving Latest Cost Of Living Payment
HM Revenue and Customs (HMRC) has announced that the latest £299 Cost of Living Payment is now being made to around 700,000 families in receipt of tax credits. HMRC is making the payments to eligible tax credits customers across the UK between 16 and 22 February 2024.
Tax Credit Families Receiving Latest Cost Of Living Payment
HM Revenue and Customs (HMRC) has announced that the latest £299 Cost of Living Payment is now being made to around 700,000 families in receipt of tax credits. HMRC is making the payments to eligible tax credits customers across the UK between 16 and 22 February 2024.