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

HANOVER GREEN RECRUITS NEW PARTNER

July 2, 2024 - 08:51

Hanover Green has appointed Stuart Barron as a Partner in its Lease Advisory team. Barron joins the firm after spending 10 years at JLL and 7 years at CBRE prior to that, and specialises in providing [...]

+ Read More

Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management

June 24, 2024 - 09:55

  New CEO Neil Slater further strengthens Redevco’s leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management. This is the fourth key hire for Redevco in 2[...]

+ Read More

Haslams Score a Touchdown with Newest Hire

June 24, 2024 - 09:49

The largest independent Thames Valley surveying and commercial property firm Haslams Surveyors LLP has announced the appointment Tom Holwell as their newest Commercial Agency Surveyor. “Tom will pla[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR