Investment sale of iconic music venue Barfly, Camden
October 29, 2015
The property comprised a freehold building arranged over ground, basement, first and second floors, let in its entirety to MAMA Group. MAMA Group is owned by NYSE Listed LIVE NATION, the largest live music business in the world and owner of Ticketmaster.
The confidential purchaser was unrepresented.
Lawrence Telford, Director, Coffer Corporate Leisure said: “As one of the Capital’s most recognisable music venues and in a highly competitive leisure investment market, we had no doubt Barfly would attract significant interest from a range of domestic and international buyers. Popular London fringe locations are seeing a surge in values, particularly for iconic venues, both on an investment basis or for trading entities with vacant possession. This shows no signs of easing and is in fact one of several leisure property deals in Camden we have advised on recently, including Wagamama, Jamestown Road and KOKO – the former Camden Palace Theatre.”