Sale of 3 public house investments let to Ei Group
November 16, 2021
Coffer Corporate Leisure has advised an overseas client on the off-market sale of three freehold public house investments: The Old Ship in Hackney (pictured above), Hunter S in Canonbury and Tropix, Clapham.
All properties are let on identical leases to Ei Group, part of Stonegate Pub Company – the largest pub company in the UK – with 25 years unexpired. The pubs are situated in affluent Zone 2 locations with strong residential catchments.
The terms of the transaction are confidential.
Jack Silvani, Director at Coffer Corporate Leisure said “This transaction demonstrates the continued confidence in the pub sector as an asset class and, notably, marked the strong return of institutional interest in the sector. We are observing some of the highest transaction volumes in the past decade with many deals taking place off-market.
Fleurets acted on behalf of the purchaser, a private client.