Hollywood Bowl Portfolio
A portfolio of 9 bowling centres extending to 243,000 sq ft across the country acquired through an “off market” sale and leaseback transaction in August 2010 for £15.8 million; a yield of 9.3%. The transaction part funded the highly successful acquisition of Hollywood Bowl by AMF Bowling.
The leases were for 25 years with annual rental uplifts in line with the RPI Index and a collar and cap at 2% and 4% per annum respectively. The assets were sold in three transactions in 2014 for an aggregate exit price of £21m; a yield of 7.9%.See All Investments