Sale of six-strong Cedar Pub portfolio

April 3, 2007

Coffer Corporate Leisure sold the Cedar Pub Co portfolio to InnDeed Group for £3.175m.

The portfolio comprised 6 freehold traditional pubs across the Midlands and northern home counties. This was the second acquisition for InnDeed which is backed by venture capitalist Dawnay Day Principal Investments.

Further investments are planned with a group looking to build a substantial portfolio of pubs across the UK. InnDeed was created in February 2007 with the acquisition of a group of 11 pubs from Newport and Cedar Pub Companies.