ALE Property Group
(ASX:LEP) Managing Director, Andrew Wilkinson, discusses FY17 results and outlook.
About ALE:* Australia’s largest portfolio of freehold pub properties
* 86 pub freehold properties across the five mainland capital cities
* Long term triple net leases to ALH
- Australia’s leading pub operator
- owner of licences and certain development rights
* 970,000 sqm of land
* Substantially capital city metro locations
* Weighted average lease expiry of 11.3 years with four options for ALH to extend by up to 40 years
* Operated as pubs for average 60+ years
