Georgica, the leisure group, has exchanged contracts with George Wimpey, the housing developer, to sell its Tenpin Bowl site in Bristol for redevelopment for £9.3m. The disposal forms part of the company’s programme to dispose of freehold properties where disposal proceeds exceed operating business values. To date, this programme has realised £17.3m whilst reducing Georgica’s ebitda by £350,000. For the 12 months to 3 December the Bristol site contributed £200,000 in ebitda.