Newsteer advised an institutional investor on the purchase of the freehold Asda supermarket in Hemel Hempstead, a long-leased asset with a highly reversionary rent.
The client’s challenge
The investor needed to understand both the investment value and the underlying occupational position before agreeing terms on a specialist foodstore asset.
Our solution
Newsteer prepared market rent and value advice, negotiated purchase terms and coordinated with the client’s solicitors and building surveyor through the acquisition process.
Beyond advice: how we added value
Specialist foodstore market knowledge allowed the investment case to be tested against the occupational rental position, helping the client assess the asset beyond the headline lease.
Outcomes and impact
Purchase terms were agreed and the acquisition progressed with Newsteer coordinating the property advice required by the investor.
