Montagu Evans appointed to market 31,145 sq ft store
Colliers predicts yields will sharpen and values will rise after Q3 base rate drop
Portfolio sells at circa 6.25% blended net initial yield
Some £2.5bn of stores were bought and sold, 71% above the 10-year average
Report by Font Real Estate said sale-and-leaseback deals have driven investment volumes
Deals for large foodstores in Q1 surpass the first three quarters of 2022
Offer excludes struggling brand’s 14 stores
REIT’s portfolio sank to £1.625bn as yields shifted outward to 5.5%
Discount grocer seeks to nearly double its estate within the M25
REIT acquires sites in Cheltenham, Merseyside and Glasgow
REIT buys six supermarkets from LondonMetric, Landsec, Janus Henderson and OPP Investments
COMMENT: ‘Reutilising space for online penetration may show a healthier return than the status quo’