Asda, Stockport

The Asset at a Glance

This acquisition is a perfect fit for our strategy of further enhancing the 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
Investment Theme
Long Term Inflation Linked Income
Purchase Price
Fiera Real Estate Long Income Fund
• Long progressive income • Institutional grade tenant
Purchase Rationale
• 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
  • Asda, Manchester Road, Stockport, SK4 1TN