Newsteer provided property pricing advice to the Issa brothers and TDR Capital during the pre-due-diligence stage of their £6.8 billion acquisition of Asda Group from Walmart.
The client’s challenge
The buyers needed an early view of the value and pricing of Asda’s extensive property assets before committing significant resources to full due diligence.
Our solution
Newsteer provided broker’s opinions of pricing across the property portfolio to help inform the consortium’s initial assessment of the real estate underpinning the corporate acquisition.
Beyond advice: how we added value
The advice brought specialist foodstore and portfolio property knowledge into a corporate transaction at an early stage, helping the buyers test the real estate position before full due diligence.
Outcomes and impact
Newsteer’s property advice formed part of the pre-due-diligence work supporting the £6.8 billion acquisition of Asda Group.
