Purchase of £5m London Pub Package

March 21, 2022

Coffer Corporate Leisure has advised a private client on the off-market purchase of two central London public house investments.

The properties, let to Stonegate, the UK’s largest pub company were both subject to long, index-linked leases.

The price of c.£5million reflected a yield of 3.5%.

Jack Silvani, Director at Coffer Corporate Leisure who acted on behalf of the purchaser said “These properties were targeted following a mandate from a private client looking to increase their exposure to the pub sector. Through our strong relationships we were able to swiftly and discretely secure the purchases off-market.

Since the lifting of Covid restrictions last year managed pub companies have reported strong, consistent trade with the majority of monthly like-for-likes ahead of 2019 levels. This performance has buoyed investor appetite in the sector and, coupled with the lack of quality stock, resulted in increased pricing. We expect this pricing to hold while demand continues to significantly outstrip supply.”

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