Morgan Williams Tie Up Tesco Sale And Leaseback

September 16, 2013

Tesco has completed the sale and leaseback of its 61,500 sq ft superstore in Perth to clients of LaSalle Investment Management, for a total consideration of £26.35m.

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 4.35%.

Morgan Williams acted for Tesco.  James Barr and Eric Young & Co acted for LaSalle.


Latest News

Redevco hires Jonathan Cole as Transaction Manager UK

August 8, 2022 - 10:27

Redevco, one of Europe’s largest privately-owned real estate investment managers*, hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and w[...]

+ Read More

RAFT OF NEW RESTAURANTS ON THE MENU AT TOUCHWOOD SOLIHULL 10,000 sq ft of new restaurants opening, including The Real Greek

August 8, 2022 - 10:24

Touchwood shopping centre in Solihull has significantly expanded its dining offer with the opening of four new restaurants totalling nearly 10,000 sq ft of space. The four restaurants will generate a [...]

+ Read More

Melburg snap up 110,000 sq ft Bekaert HQ in off-market back to back

August 8, 2022 - 10:21

Melburg Capital (Melburg) announce the acquisition of the Bekaert manufacturing HQ, a 110,000 sq ft industrial asset located on Park House Road, Bradford in an off-market transaction. The asset was ac[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR