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.


Latest News

Strategically located 343,000 sq ft Cambridge Discovery Campus given go ahead by planners

April 18, 2024 - 11:07

Resolution to grant permission for new science and innovation campus to the south of Cambridge city Property investment and development company, Bridgemere, in conjunction with Foundation Capital Vent[...]

+ Read More


April 8, 2024 - 14:24

IPIF, advised by Haslams Surveyors and Cushman & Wakefield, has achieved two lettings totalling over 22,500 sq ft at its Millars Business Park at Fishponds Close, Wokingham. There are now only two[...]

+ Read More

Redevco and SFP launch ‘Next Gen Stays’ Iberian Hotel Joint Venture with Portfolio Target of c. €300 Million

March 25, 2024 - 11:07

Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in ‘Next G[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR