Retail

/Retail
Retail2017-11-27T14:37:22+00:00

Asset

Portfolio of 8 Wickes Stores

Date

March 2017

Value

£37.8 million

Type

Retail Warehousing

Asset Program

Sale and leaseback of 8 assets on new 15 year leases with rents ranging between £9/sq ft and £15.50/sq ft. The portfolio was brought at a discount to current market levels.

Asset

Portfolio of 14 petrol station convenience stores

Date

December 2015

Value

£30.9 million

Type

Convenience Stores and Petrol Filling Sites

Asset Program

Stable Income strategy with all the leases linked to annual indexation. The current unexpired term is c.10 years. Since the acquisition the portfolio has offered extensive asset management opportunities.

Asset

Portfolio of 5 Co-Op Convenience Stores and Petrol Station sites

Date

August 2015

Value

£13.3 million

Type

Convenience Stores and Petrol Filling Sites

Asset Program

Stable income strategy with all the leases linked to annual indexation. The current unexpired term is c.10 years. Some of the assets have been sold ahead of the business plan at premium levels due to strength of the covenant and favourable lease terms. The remaining assets offer asset management potential.