Leisure Portfolio

Starbucks & Costa coffee drive-thru portfolio
Across the UK
Description
A portfolio of 13 new drive-thru format coffee shops, located across the UK
Acquisition Structure
Pre-let forward funding
Date Acquired
February 2019
Rent Review
Retail Price Index
Tenants
Starbucks Coffee Company (UK) Limited and Costa Limited
Lease Term
15 years, without break
Pure Gym
Norwich, Norfolk
Description
New gym facility
Acquisition Structure
Built
Date Acquired
January 2019
Rent Review
Fixed uplifts of 2% pa
Tenant
Pure Gym Limited
Lease Term
15 years, without break
Greene King pub portfolio
Across the UK
Description
A portfolio of 14 existing assets located across the UK
Acquisition Structure
Built assets
Date Acquired
June 2019
Rent Review
Fixed uplifts of 2.5%
Tenant/Guarantor
Green King plc
Lease Term
15 years, without break

Dobbies Garden centre
Pennine, West Yorkshire
Description
Garden centre
Acquisition Structure
Sale and leaseback
Date Acquired
June 2019
Rent Review
Retail Price Index
Tenant Guarantor
Dobbies Garden Centres Group Limited
Lease Term
30 years, without break
PGL activity centre
Lancaster, Lancashire
Description
Outdoor activity centre
Acquisition Structure
Sale and leaseback
Date Acquired
July 2019
Rent Review
Retail Price Index
Tenant Guarantor
HB Education Limited
Lease Term
35 years, without break