Slaughter and May advised Legal & General - acquisition and leaseback of a portfolio of 7 public houses with Marston's Estates Limited

Slaughter and May advised Legal & General on the acquisition and leaseback of a portfolio of 7 public houses with Marston's Estates Limited for a total purchase price of £25.32 million. The leases to Marston's are for a 40-year term. The portfolio is comprised of two long leasehold and five freehold public houses, the majority of which are newly built. There are options for the properties to be bought back from Legal & General on expiry of the leases. Shoosmiths LLP advised Marston's.