Newsteer advised Asda on the acquisition, lease restructuring and subsequent sale of a foodstore investment at Carcroft, Doncaster.
The client’s challenge
Asda needed to assess the acquisition opportunity, improve the occupational structure and create a route to an attractive investment exit.
Our solution
Newsteer provided acquisition advice, asset management and lease restructuring before advising on the onward disposal to a listed property company.
Beyond advice: how we added value
The team approached the asset as a complete investment lifecycle, using the lease structure to improve value before taking the property back to the investment market.
Outcomes and impact
The asset was acquired, the lease was restructured and the property was sold to a listed property company, generating a substantial profit for Asda.
