Pub chain ‘unaffected’ by Nama loan transfer
One of Northern Ireland’s best-known pub chains has said it is “unaffected” by the transfer of loans on five of its pubs into Nama.
The Republic’s ‘bad bank’ appointed administrators to Lanyon Trading and Lisk Ltd, which owned the freehold of the properties run by Botanic Inns.
Botanic Inns managing director Stephen Magorrian said: “It’s nothing to do with us — it’s to do with the landlords, who own numerous businesses.
“Their companies have gone into administration, but the landlords are not directors or shareholders in Botanic Inns.”
A spokesman for Botanic Inns also said: “Botanic Inns’ group of licensed premises is unaffected by the recent administration of Lanyon Trading Ltd and its parent company, Lisk Ltd, which owns five Belfast-based freehold properties.”
The pubs which were owned by Lanyon Trading and Lisk and leased out to the pub group are The Northern Whig, Botanic Inn, King’s Head, Madison’s and The Globe. Both Lanyon Trading and Lisk were set up in 2004 and run by Sean Lyne and Noel Connellan, who are based in Co Clare.