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L&G buys Merthyr Leisure Village

Legal & General Investment Management, on behalf of its Leisure Fund, has bought Merthyr Leisure Village, Merthyr Tydfil from Atlantic Properties for £15m, reflecting a net initial yield of 6.45%.
By Emma Haggerty
November 18, 2015 | 7:15 P.M.

The 62,000 sq ft village includes a nine screen multiplex Vue Cinema, a Travelodge Hotel and five restaurants, let to McDonald's, Nandos, Frankie & Bennies and Mitchells & Butler.

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