The Standard Life Long Lease Pension Fund has bought the Legoland Hotel in Windsor for £36m from Aprirose.
The 150-room Lego-themed hotel is the primary accommodation within the 150-acre Legoland Windsor theme park and is let to resort owner Merlin Entertainments on a long lease with 28-years remaining.
Richard Marshall, fund manager for Aberdeen Standard Investments, said: “This was a rare opportunity to invest in one of the world’s best-loved and established consumer brands as Lego reaches its 60th anniversary this year.
“The hotel’s strong trade demonstrates the popularity of the family resort and the continued high level of expenditure on leisure in the UK. The transaction suits our strategy of acquiring prime assets in good locations, providing our investors with a long inflation-linked income stream.”
Knight Frank advised the Standard Life Long Lease Pension Fund.
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