Asda, Hemel Hempstead
Newsteer acted on behalf of an institutional investor on the purchase of the freehold interest in in an Asda supermarket in Hemel Hempstead, Hertfordshire.
- Foodstore investment let on a long lease to Asda at a highly reversionary rent.
- Reported on the market rent and value, negotiated and agreed terms for the purchase, liaised with solicitor and building surveyor throughout.