ALE Property Group explained

Traded As:ASX:LEP
Fate:acquired

ALE Property Group (ASX: LEP) was an Australian-based publicly listed property funds management company that acted as the responsible entity for the Australian Leisure and Entertainment Property Trust (ALE Trust).[1] [2]

Prior to its acquisition the entity owned 82 pubs across Australia, all of which were leased to Endeavour Group's ALH Group, a leisure and entertainment operator owned by Bruce Mathieson.

In December 2021 the company was acquired in a joint bid by Hostplus and Charter Hall.[3] [4] [5]

See also

Notes and References

  1. Web site: 2021-09-19 . Hostplus, Charter Hall take out pubs owner ALE in $1.68b deal . 2023-06-17 . Australian Financial Review . en.
  2. Web site: Prka . Rhys . 2021-09-20 . Charter Hall (ASX:CLW) leads $1.68b takeover deal of ALE Property (ASX:LEP) . 2023-06-17 . The Market Herald . en-US.
  3. Web site: Bryan . Amanda . 2021-09-24 . $1.7bn takeover bid for ALE Property Group . 2023-06-17 . Australian Hotelier . en-AU.
  4. Web site: Last orders for ALE . 2023-06-17 . Intelligent Investor . en.
  5. Web site: Struben . Bernd . 2021-09-20 . Why the ALE Property (ASX:LEP) share price is rocketing 21% today . 2023-06-17 . The Motley Fool Australia . en-AU.

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