Taylor Wessing advises Max Property Group on the sale and leaseback of a pub portfolio with Enterprise Inns

International law firm Taylor Wessing has advised MPG Pubs Limited Partnership, a wholly owned property vehicle of Max Property Group plc, on a sale and leaseback transaction with Enterprise Inns plc. The deal saw Max Properties acquire 29 pubs in and around central London for a consideration of £42,560,800 and lease them back to Enterprise for a term of 35 years at an initial annual rent roll of £2,975,000.

The properties are located within high value residential areas including Marylebone, Notting Hill and Chelsea.

The Taylor Wessing real estate team was led by Alan Evans and Richard Grosse with the support of senior associate Louise Tobutt. Partner Bob Gayford led on the finance aspects of the transaction, supported by senior associate Marcus Earnshaw. Tax advice was provided by Peter Jackson and James Meakin and the corporate aspects were dealt with by Jayne Schnider.

Commenting on the deal, real estate partner Richard Grosse said:

“We value the opportunity to have advised Max Property Group on this significant transaction. We are delighted to have worked with them to deliver a successful conclusion in line with their objectives."

Debt finance was provided by Eurohypo AG. Addleshaw Goddard advised Enterprise Inns and Olswang advised Eurohypo AG.

Lawyers Alan Evans, Richard Grosse, Louise Tobutt, Bob Gayford, Marcus Earnshaw, Peter Jackson, James Meakin, Jayne Schnider

Notes to editors

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