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David Lloyd completes £350m sale-and-leaseback of 44 health clubs with M&G Investments

David Lloyd Leisure, the upmarket UK fitness club chain, has agreed a £350m sale-and-leaseback deal of a 44-strong portfolio of predominantly built out health and racquet clubs throughout the UK with M&G Investments.
By James Wallace
January 7, 2016 | 8:36 P.M.

The sale-and-leaseback deal involves 44 health and racquet clubs, 32 of which have already completed, on a ground lease basis for 125 years with contracted annual reviews linked to inflation. The portfolio comprises 25 freehold and 19 long leasehold properties.

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