30. Januar 2012 
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LaSalle acquires Epsom’s Odeon for £9.15 million
LaSalle Investment Management has completed the purchase of 14b-18 Upper High Street, Epsom, Surrey, currently let to Odeon Cinemas Limited, for £9.15 million to CBRE Global Investors. The purchase was made on behalf of pension fund client the Northern Ireland Local Government Officer’s Superannuation Committee (NILGOSC) and represents a net initial yield of 6.94%.
Located in the heart of Epsom’s town centre, the 40,534 square foot Odeon has eight screens and is the town’s only cinema. Odeon is the largest cinema chain in the UK and accounts for nearly a third of all tickets sold.
Commenting on the acquisition, Christopher Fry, fund manager at LaSalle Investment Management said, “This acquisition fits the strategy for the Fund well. The asset trades well and offers the Fund a secure income stream at an attractive yield.”
LaSalle Investment Management was advised by Jones Lang LaSalle.
Located in the heart of Epsom’s town centre, the 40,534 square foot Odeon has eight screens and is the town’s only cinema. Odeon is the largest cinema chain in the UK and accounts for nearly a third of all tickets sold.
Commenting on the acquisition, Christopher Fry, fund manager at LaSalle Investment Management said, “This acquisition fits the strategy for the Fund well. The asset trades well and offers the Fund a secure income stream at an attractive yield.”
LaSalle Investment Management was advised by Jones Lang LaSalle.
