Greene King, the Suffolk-based brewer and pub operator, is looking to trim the tail of Belhaven, its Scottish estate, after placing 37 leasehold sites on the market with a total value of £6.22m. The sites, which are spread throughout Scotland, range in price from £85,000 for the Clachan Bar in Paisley to £255,000 for the Waggon Inn in Kelso. Average price for a site is just under £170,000. The portfolio, which is on the market through DM Hall, is a mixture of vacant possessions; short-term lease arrangements; longer-term leases/investment opportunities; and alternative use/development opportunities. Greene King acquired the c.250-strong Belhaven in August 2005 in a deal that valued the company at approximately £187m. In June, Greene King chief executive Rooney Anand called Belhaven “a great success story for Greene King”, with profits up 77% since its acquisition in 2005. Main activities in the proceeding year included the opening of its new brewhouse and the acquisition of another four Retail pubs. For the 52 weeks to 1 May 2011, the group’s managed estate Belhaven Retail saw like-for-like sales growth of 4.1%, with coffee sales up 71%, wine sales up 6.4% and food growing 130bps to more than 30% of sales.