More Conservative View on Market Rent Review Sees Moderate Reduction in ALE's FVE
Rents at the majority of narrow-moat-rated ALE Property’s pubs--80 out of 86--are in the process of being adjusted, effective November 2018. The landlord is in ongoing discussions with its sole tenant, ALH Group, regarding the rent review at about half of the 80 pubs. We understand a 10% increase in rent has been agreed upon at the other half. At the outstanding properties, ALH Group is seeking a rent reduction of 10%, the maximum allowed at the current market review. However, we continue to for...ALE Property Trust is engaged in investment in property and property funds management. Co. comprises Australian Leisure and Entertainment Property Trust and its controlled entities. As of June 30 2016, Co. owned a portfolio of 86 pub properties across the five mainland states of Australia.
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