BPG hopes to find buyer for Grade II-listed structure by the summer after slump in profits and rising costs
Brighton’s historic Palace Pier has been put up for sale after a decline in tourist numbers, a drop in profits and increase in costs in recent years.
The leisure group that owns the 126-year-old structure, which has appeared in famous films including Brighton Rock and Quadrophenia, said it hoped to find a new owner by the summer.
“This is more than just the sale of an asset,” said Anne Ackord, the chief executive of Brighton Pier Group (BPG). “It is an opportunity to become part of the next chapter in a remarkable story and shape the future of this national treasure.”
The Grade II listed pier, which opened in 1899 after three years of construction, was acquired by BPG for £18m in 2016.
