For Sale: Gleneagles 200 Million Pounds

Matthew Boyle of Bloomberg, working off of a Times of London report (behind paywall), reports on the offering of Gleneagles for sale by Diageo PLC.

Boyle writes:

The maker of Tanqueray gin has had “numerous expressions of interest over the years and particularly since the Ryder Cup,” played at the venue in September, Diageo spokeswoman Rowan Pearman said in an e-mailed statement. “As you would expect, we have a duty to consider such interest carefully.”

Diageo hired real estate broker Jones Lang LaSalle Inc. to handle the sale of the property, which sprawls across 850 acres of central Scotland countryside and could fetch more than 200 million pounds ($301 million), according to The Times of London, which first reported the news Jan. 31.

The sale comes just months after successfully buying and hosting the 2014 Ryder Cup, won by the Europeans.