A third package totalling 93 closed freehold and long-leasehold pubs, which include sites from the former Pubfolio and Goldtry estates, has been placed on the market. The pubs are being offered for sale through Christie + Co on behalf of PwC the joint administrators of Pubfolio Limited and Goldtry Limited, both of which collapsed in September 2009. The latest disposals follow a 74-strong package that was placed on the market in February, with a further 49 sites being offered for sale in June. In total c400 pubs are expected to come to the market, with the remaining c180 sites due to be split into two further tranches. Of the initial 123 pubs marketed, around three quarters are understood to have already been sold. Noel Moffitt, director at Christie + Co said that the sold pubs had been picked up either by pub operators or for alternative use and expected the newer sites to appeal to the same mix of buyers. The latest properties, which include a significant number in the South West, are believed to be available to purchase individually or in groups and are offered as vacant possession. Ted Kennedy, the veteran pub entrepreneur, is currently overseeing the remainder of Pubfolio and Goldtry freehold tenanted pubs Pubfolio established itself at the beginning of 2005 after completing on a deal to buy 545 pubs of the old Innspired estate from Punch Taverns for £162m. The pubs, which were managed by County Estate Management, were mostly wet-led, community locals. The group’s business model was to sell chunks of the estate to property investment outfits – a strategy that suffered in the light of the downturn. The Wiltshire-based operator fell into administration owing its banks in excess of £50m.