Food Stores

/Food Stores
Food Stores2017-11-27T12:14:19+00:00

Asset

Morrison’s, Harrow, Greater London

Date

June 2016

Value

£28.44m

Type

Superstore – 65,505 sq ft

Asset Program

Investra acquired a 21.5 year lease, with 5 yearly upward only rent reviews providing 2.5% pa compound fixed increases throughout the term.  The asset was brought at a discount to market levels.

Asset

Tesco Farnworth, Greater Manchester

Date

January 2016

Value

£26.6m

Type

Superstore – 75,646 sq ft

Asset Program

Investra acquired a 20 years, with 5 yearly rent reviews linked to RPI with a cap of 5% annually compounded. The asset was brought at a discount to market levels.

Asset

Tesco, Welling

Date

November 2016

Value

£31.0m

Type

Superstore – 71,917 sq ft

Asset Program

Investra acquired a 19 year lease with 5 yearly rent reviews linked to RPI with a cap of 3.5% annually compounded. The asset was brought at a discount to current market values.