FirstGroup offload three US properties in £100m deal
Transport outfit FirstGroup have offloaded three properties used by its US bus group, Greyhound, in deals worth £102m.
The Aberdeen-based firm confirmed the deal to the stock market this morning.
The biggest of the three deals is an agreement to sell Greyhound’s Los Angeles terminal to a subsidiary of property firm Prologis for $88m (£65m).
Deals have also been struck on properties in Denver and in Ottawa, with the latter coming after Greyhound withdrew service from parts of Canada last year.
First has a sizable footprint in the US, and amongst other services is the largest provider of school transit with a fleet of 43,000 yellow buses.
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