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.

 

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