Newsteer advised Tesco on the investment sale of its 84,855 sq ft town centre foodstore in Welling. We provided valuation and market advice, prepared the sale materials, targeted investors and managed negotiations through to completion with LXi REIT.
The client’s challenge
Tesco needed to establish value, position the investment effectively and run a targeted disposal process through to completion.
Our solution
Newsteer provided valuation and market reporting, shaped the sales strategy, prepared legal and marketing information, targeted buyers, negotiated heads of terms and liaised through completion.
Beyond advice: how we added value
The team managed the process from early valuation through legal completion, maintaining consistency between pricing strategy, buyer engagement and transaction execution.
Outcomes and impact
The foodstore investment was successfully sold to LXi REIT.
