Our work - 24/01/2019

Aldi, Newton-le-Willows: forward commitment disposal on behalf of St Modwen

Forward commitment disposal sold for £5.605m.

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The team disposed of a forward commitment opportunity on behalf of St Modwen. A lease has been agreed with Aldi on a new build foodstore for a term of 20 years with no breaks and fixed rent reviews.

After a successful marketing campaign, the property was sold to Alpha Real Capital in May 2017 for £5.605m, reflecting a yield of 4.74%. 


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