Nobles take Brighton Pier off the market

07/11/2012

The Noble Group has decided not to sell Brighton Pier which it up up for sale in June 2011. Nobles received several offers for the tourist attraction but has decided to keep it within the group.

The Noble Group has invested around £35 million in the pier which is one of the iconic landmarks of Brighton beach and has a history spanning 121 years. The pier was commissioned in 1891 at a cost of £27,000 and it was opened in May 1899.

Part of the pier was dismantled at the start of the Second World War on the advice of the War Office who were concerned that it could aid invading forces entering the UK from the sea.It also suffered damage in a fire in 2003, the year that the old West Pier suffered storm damage.

In a statement, the Noble Group said: “Last year’s marketing exercise generated a great deal of interest in the pier and a number of substantial offers.

“However, a change in strategy led us to conclude the pier will now form part of the longer term group plans.”

 

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