Bilfinger Real Estate has been mandated to sell three iconic Victorian piers in the UK through its subsidiary Bilfinger GVA.
Bilfinger Real Estate has been mandated to sell three iconic Victorian piers in the UK through its subsidiary Bilfinger GVA.
The attractions, two in Blackpool and Llandudno Pier in Wales, have a total price tag of £12.6 mln (€17.6 mln), with individual guide prices of £4.8 mln for Blackpool Central Pier, £3.3 mln for Blackpool South Pier and £4.5 mln for Llandudno Pier.
The piers are owned by leisure attraction operator Cuerden. They were built in the second half of the 19th century and attract more than a million visitors a year. Total income from concession agreements amounts to £1.6 mln.
Richard Baldwin, director of Bilfinger GVA`s retail, hotels and leisure team, said: “The piers are iconic structures as well as profitable attractions. They are for sale together with the existing concession agreements. We’re confident this sale will attract major interest.”
Bilfinger Real Estate offers transaction and investment consulting services in Germany and the UK, as well as in the Netherlands, Poland, Switzerland, Turkey, Australia, and Canada. The company has 3000 employees and €54 bn of assets under management.