In 2001 L+R, acquired a portfolio of 280 pubs from The Laurel Pub Company.
L+R then agreed with Laurel an entire leaseback of 60 years
The portfolio presented a good real estate proposition, with pubs located in good cities and towns throughout the UK, which protected L+R’s downside.
L+R opportunistically sold back to Laurel Pub Company c 2 years following acquisition to accommodate a sale to a UK listed Pub Company