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Aprirose acquires Revolution bars
By Helen Patenall
Property investor Aprirose has acquired leaseholds on nine freehold Revolution vodka bars from Inventive Leisure for £17m.
The properties are based in Huddersfield, Lancaster, Leicester, Lincoln, Liverpool, Newcastle-under-Lyme and Wolverhampton plus two in Manchester. Christie + Co advised Aprirose – which owns a £300m portfolio that includes hotels, pubs and restaurants – on the 25-year lessee deal.
Christie & Co’s director, Jon Patrick, said: “The Inventive sale and leaseback portfolio comprised over 80,000sq ft of good-quality real estate, with rental levels set at a realistic proportion of profits. This should enable Inventive to maintain investment in the units in the future.”
Property investor Aprirose has acquired leaseholds on nine freehold Revolution vodka bars from Inventive Leisure for £17m.
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