Agreement of sale and leaseback of certain Asda store assets
Asda confirms a sale and leaseback agreement on 24 stores and its Lutterworth depot with two buyers. Key elements include:
- Four stores (Small Heath, Colindale, Coventry Abbey Park, and Killingbeck) sold to DTZ Investors and leased back.
- Twenty stores and the Lutterworth depot sold to Blue Owl Capital and leased back.
- Transactions total £568 million.
All properties are subject to 25-year lease agreements, with a contractual option to renew for an additional 10 years at each renewal point. Asda will continue to operate all sites as normal, with no changes for colleagues at these locations.
“Asda’s property strategy is centred on maintaining a strong freehold base while also taking a considered and selective approach to unlocking value from our estate where appropriate. These transactions reflect that approach, enabling us to realise value from the sites while retaining full operational control.”
Авторское резюме: Asda реализует часть активов через продажу с обратной арендой, сохранив оперативный контроль и продолжая работу на всех площадках.