T 020 7299 0720 E info@cocol.co.uk

Coffer Corporate Leisure
16 May 2017

Ei Group sells 18-property portfolio to clients of OLIM Property for £20.3m

On behalf of Ei Group, Coffer Corporate Leisure has completed the sale of a portfolio of 18 commercial properties to institutional investment clients of OLIM Property Limited, comprising 13 pubs and five convenience stores mainly in Southern England.

The purchase price was £20.3 million, representing a 15% premium to the Ei Group prior year-end book value. The net initial yield on the transaction was circa 6%, with the rents on all properties linked to RPI. increases, and a weighted average unexpired lease length of 15 years.

Coffer Corporate Leisure and Gosschalks acted for the vendor, with Fleurets, KLM Retail and Shepherd and Wedderburn acting for the purchaser.

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Further Details
Mark Sheehan

Coffer Corporate Leisure
020 7299 0689
msheehan@cocol.co.uk

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