Golfrate swallows Punch portfolio
Hussein Aziz’s Golfrate has completed the £20m buyout of a pub portfolio owned mostly by Punch Taverns.
The deal includes nine Punch pubs located in central London and a further two owned by private landlords.
The deal, which reflects a 3.5% yield, was financed by Aeriance at an LTV of 65%.
The firm’s portfolio of London pubs now totals more than 150, valued at £125m. Among the Punch pubs is the Crooked Well in Camberwell, SE5 (pictured).
jack.sidders@estatesgazette.com
Hussein Aziz’s Golfrate has completed the £20m buyout of a pub portfolio owned mostly by Punch Taverns.
The deal includes nine Punch pubs located in central London and a further two owned by private landlords.
The deal, which reflects a 3.5% yield, was financed by Aeriance at an LTV of 65%.
The firm’s portfolio of London pubs now totals more than 150, valued at £125m. Among the Punch pubs is the Crooked Well in Camberwell, SE5 (pictured).
jack.sidders@estatesgazette.com
