Portfolio

Asda, Stockport

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.
Rupert Sheldon, Head of Core REIM
Purchase Price
£13.9m
NIY
4.9%
Fund
Fiera Real Estate Long Income Fund
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
Location
  • Asda, Manchester Road, Stockport, SK4 1TN

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