Davidson Kempner to acquire 370 properties from Ei Group for £348m.

Davidson Kempner, a global institutional alternative investment management firm, agreed to acquire 370 properties from Ei Group, a leased and tenanted pub company, for £348m. "We are very pleased to have agreed the sale of the Portfolio, which is in line with our strategy of delivering attractive and sustainable returns to Shareholders by unlocking the embedded value and optimising the returns from every asset within the business. The Portfolio is comprised of high quality assets which we believe are best suited to a free-of-tie, rent-only business model. Throughout the sale process, we have been impressed with the commitment and speed of execution demonstrated by Davidson Kempner, a global institutional investment management firm with over $31bn in assets under management and a long track record of investing in real estate," Simon Townsend, Ei Group CEO.