Tesco Completes Derby Sale And Leaseback

January 18, 2013

Tesco has completed the sale and leaseback of a 56,800 sq ft supermarket in Mickleover, Derby to AXA Real Estate Investment Managers, on behalf of the UK Long Lease Property Fund, for a total consideration of £26.25 million.

The property has been leased back to Tesco for a term of 25 years, subject to annual capped RPI increases.  The purchase price reflects a Net Initial Yield of 4.38%.

Morgan Williams acted for Tesco, DTZ acted for AXA.

-ends-

Latest News

IV REAL ESTATE TRANSFORMS TWO BRISTOL OFFICE BUILDINGS

March 1, 2021 - 10:01

IV Real Estate has completed the refurbishment of two prime office buildings in Bristol city centre. Practical completion of 41 Corn Street and the adjoining Gilbert House has now been reached followi[...]

+ Read More

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR