Discount Retail Portfolio

Aldi – Anchored Retail Park

Bradford, Yorkshire

 

Description     
Discount retail park pre-let to Aldi, Home Bargains, Starbucks, Greggs and Heron Foods

Purchase Price     
£11 million

Net Initial Yield    
6.15%

Size     
46,000 sq ft

Acquisition Structure     
Pre-let forward funding

Date Acquired     
May 2017

Rent Review     
Aldi, Starbucks and Greggs - Retail Price Inflation (RPI); Home Bargains and Heron Food – Open market value (OMV)

Tenant/Guarantor     
Aldi Stores Limited, TJ Morris Limited (t/a Home Bargains) Starbucks Coffee Company (UK) Limited, Greggs plc and Heron Food Group

Lease Term     
Aldi - 20 years, with no break; Home Bargains – 15 years, with no break; Starbucks – 15 years, with no break; Greggs –  10 years with no break

Lidl food store

Chard, Somerset

 

Description

Discount food store pre-let to Lidl

Purchase Price

£5.5 million

Net Initial Yield

5.75%

Size

23,500 sq ft

Acquisition Structure

Pre-let forward funding

Date Acquired

October 2017

Rent Review

Retail Prices Inflation (RPI)

Tenant

Lidl UK GmbH

Lease Term

25 years from completion of works, with a break right in year 15