Danish brewer Carlsberg is believed to be reviewing the future of its Tetley brewery in Leeds as part of a restructuring of its British operations. The Times

Carlsberg admitted two years ago that some of its 29 breweries in western Europe would be closed or sold to try to cut costs.

Carlsberg UK’s accounts for 2005 value its land and buildings at £136.2m, based on a 1993 valuation. Given the Tetley brewery's location in the middle of Leeds, the site could today be worth up to £100m.

The brewery site forms part of Leeds' council's City Centre Action Plan, published in April, that outlines the development potential of the city centre over the next ten to twenty years, dubbed the .

The plan, which is under public consultation, says: 'The current manufacturing use on the site has now become somewhat out of place with surrounding office and residential uses. The brewery may, during the plan period, consider relocating, which would free up the site for redevelopment.' It says the site would be suitable for office, leisure, hotel and conference use, as well as for 'large-format retailing'.