Newsteer advised Asda on the £650 million sale and leaseback of 25 foodstores to Realty Income in June 2023.
The client’s challenge
Asda needed to select and structure a portfolio capable of attracting institutional investment while protecting the operational and occupational position of the retained stores.
Our solution
Newsteer advised on stock selection, transaction structure, rental and lease terms, trading performance, portfolio disposal and technical due diligence.
Beyond advice: how we added value
By combining investment, lease and foodstore expertise, the team helped shape the portfolio itself – not just market it – so the transaction balanced investor requirements with Asda’s long-term occupational needs.
Outcomes and impact
The 25-store sale and leaseback completed with Realty Income for £650 million in June 2023.
