Camden music venue Barfly has been sold for £5m.
Market Tech Holdings, the owner of Camden Market among 14 acres of London real estate, bought the 6,161 site from a private investor. It is let to live venue and artist management company, MAMA Group, owned by Live Nation.
The sale, reflecting a Net Initial Yield of 4.36%, was handled by a Coffer Corporate Leisure
Lawrence Telford, director at Coffer Corporate Leisure, said: “As one of the Capital’s most recognisable music venues and in a highly competitive leisure investment market, we had no doubt Barfly would attract significant interest from a range of domestic and international buyers. Popular London fringe locations are seeing a surge in values, particularly for iconic venues, both on an investment basis or for trading entities with vacant possession. This shows no signs of easing, and is in fact one of several leisure property deals in Camden we have advised on recently, including the Wagamama and Koko.”