Asda,
Stockport

Overview

Icon for Sector

Sector

Long Income
Icon for Purchase Price

Purchase Price

£13.9m
Icon for NIY

NIY

6%
Icon for Strategy

Strategy

Fiera Real Estate
Long Income Strategy
This acquisition is a perfect fit for our strategy of further enhancing our Long Income Fund’s exposure to long, strong and progressive income streams which provide our principally pension fund investors with a good match for their future liabilities.
Image of Rupert Sheldon
Rupert Sheldon
Head of Product Development & Co-Head of Transactions

Features

  • 44,368 sq ft retail store + PFS in South Manchester conurbation
  • Fully let to Asda Stores Limited for 20 years from acquisition
  • Fixed rental uplifts
  • Low base rent

Purchase Rationale

  • Long, progressive income
  • Institutional grade tenant

ESG

  • Electric vehicle charging station has been installed on site
  • Operational energy, water and waste data has been collected on site for the past 3 years
  • EPC B

Location

  • Asda, Manchester Road, Stockport, SK4 1TN
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