Nick Leslau has told Property Weekhe expects an overseas investor from the Far East or Middle East to snap up Madame Tussauds. Leslau's Secure Income REIT put the world-famous tourist attraction on the market for £320m this week, following unsolicited approaches from a number of potential buyers. The asking price represents a yield of 4.75%. "I don't know the strict definition of a trophy asset, but if I had to guess I'd say Madame Tussauds was probably one," Leslau said. "My guess is it will be sold to an investor from the Far East, or perhaps a Middle Eastern individual or group. It's rare something like this comes to the market." Leslau expects the sale process to take between four and eight weeks. Madame Tussauds represents 20% of Secure Income REIT's portfolio of 28 assets, which also includes theme parks Alton Towers and Thorpe Park.
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