Mitchells & Butlers Extends Deal To Buy Ego Restaurants Stake
Wed, 17th Feb 2021 09:31
(Alliance News) - Mitchells & Butlers PLC said Wednesday its wholly-owned subsidiary, Mitchells & Butlers Retail (No 2) Ltd, reached an agreement with Ego Restaurants Chief Executive James Horler, and the other shareholders of 3Sixty Restaurants Ltd, to vary certain arrangements of a joint venture.
The joint-venture relates to the development of the Ego Restaurants business, which operates 23 Mediterranean-style family restaurants across the UK.
In August 2018, the Mitchells subsidiary acquired from an exiting shareholder a 40% stake in 3Sixty for an initial GBP4 million. At the same time, the subsidiary entered into a joint venture agreement with the other 3Sixty shareholders for the development of the Ego Business.
1. 945 Reunion Ave., Langford Price: $60 million Improvements: 156 unit multi-family apartment building Vendor: Ledcor Property Investments, Vancouver Purchaser: Killam Apartment REIT, Halifax The Crossing At Belmont is the rental component of Belmont Market, a 160,000-square-foot outdoor shopping centre with anchor Thrifty Foods. The rental units have condo-like amenities and there is a rent-to-own program for tenants to save down payments to purchase across the street at the Belmont Residences strata building. 2. 2861 Craigowan Rd., View Royal Price: $54 million Improvements: 161 units Purchaser: Killam REIT, Halifax The Christie Point Apartments is a unique property on its own peninsula in Portage Inlet The waterfront property has a variety of low-density buildings originally constructed in the 1960s. Improvements call for five two-storey apartment buildings and four two-storey townhouse buildings.
It s me who hears the person vomiting outside. As much as McDonald s has promised to stop car horns they have no control over people honking their horns, and people will honk their horns if they want to and my sleep and other people s sleep will be disturbed, he added. They don t care about residents. They care about one thing and that is selling burgers. This is a residential area, but they are turning it into a location in its own right.
He recounted his desire to move out of his council flat which is thwarted once people see the fast-food drive-through below.