Login

Orchard Street buys David Lloyd Leisure club for £17.6m

Orchard Street Investment Management has bought the freehold of a David Lloyd Leisure health, fitness and racquets club located in Newbury, Berkshire for £17.6m.
By Kasmira Jefford
September 6, 2017 | 4:57 P.M.

The transaction, made on behalf of a pension fund client, was structured as a sale and leaseback agreement with the tenant, and reflects a net initial yield of 4.5%.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE