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NewRiver buys 158-pub portfolio

NewRiver Retail has exchanged contracts to acquire a portfolio of 158 pubs across England and Wales from Punch Taverns for £53.5m, reflecting a net initial yield of 13.61%.
By James Buckley
August 24, 2015 | 4:37 P.M.

The projected annual profit before tax of the portfolio is circa £6m, which will generate a cash on cash equity return in excess of 20%.

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