The customer terminal in downtown Denver has moved elsewhere. Activities at the Ottawa garage were relocated as part of Greyhound’s withdrawal of service from parts of Canada in 2018/19.
FirstGroup said: “In total, all three properties’ book value was $24m as at 30 September 2020, resulting in a total profit on sale for all three transactions of approximately $100m (net of leaseback, property tax and selling costs). The cash proceeds from the transactions will be used for general corporate purposes.”
FirstGroup said: “These transactions are a further step in the group’s rationalisation of the Greyhound property portfolio for value, reducing the operational footprint by moving operations to intermodal transport hubs or new facilities better tailored to customers’ needs.”
A number of other property sales processes are also underway.
FirstGroup, which has seen UK passenger numbers hit this year due to Covid-19 disruption, is looking to sell the Greyhound business.
