UK: Carlsberg to divest former Tetley Brewery site in Leeds

Carlsberg Group is reportedly planning to divest the former Tetley Brewery site in Leeds, West Yorkshire, UK, for £35 mln, Drinks Business Review reported on June 18.

Closed and demolished in 2012, the Tetley Brewery old headquarters were spread over 22-acres in the city's South Bank. This site was later converted into an art gallery.

The decision to sell the site comes as the Leeds City Council intends to transform the South Bank area into a community.

Carlsberg UK spokesman told The Yorkshire Post: "Regardless of any future sale and redevelopment of the site, it is our intention to retain an existing operation in the local area.

"We hope to be able to announce the successful purchaser prior to the end of 2015."

The company, till date, has received interest from 11 potential buyers.

The bidders, which include Leeds City Council, Asda and Ikea as well as other property developers and investors, are expected to submit their bids by 21 July 2015.

A company spokesman said: "Five years on, we have commenced a process to select a purchaser for the site who will be able to take forward the site's redevelopment.

"We recognise the potential of the site and its important location within the Leeds South Bank area."

19 June, 2015