ALE Property Group

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ALE Property Group
ASX:LEP
Fateacquired

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. [1]

In December 2021 the company was acquired in a joint bid by Hostplus and Charter Hall. [3] [4] [2] [5] [1]

See also

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References

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