Industrial

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ADDRESS Tesco Distribution Centre, Didcot

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Location	Didcot, Oxfordshire	Investment Date	June 2011
Transaction Type	Standing Investment	Purchase Price	£26.1m

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Transaction Summary / Opportunity

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L&O acted on behalf of a Hong Kong-based family trust in the acquisition of this strategically located distribution centre, let to Tesco Plc.

Description: A Freehold building, providing approximately 288,250 square feet of distribution warehouse and ancillary office accommodation with a substantial yard. The property is let to Tesco Distribution with a guarantee from Tesco Plc for a term expiring on 31st July 2024.

Opportunity: The property has been selected to be held in a portfolio of medium to long term income producing assets.

Acquisition Method: Private Treaty

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Value Added

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• The property was identified as an off-market opportunity.
• A team of experienced consultants was appointed by L&O to swiftly carry out necessary due diligence on the property.
• L&O coordinated the selection of a senior loan provider and has obtained appropriate advice on a tax-efficient ownership structure.
• L&O has selected a property manager and will act as asset manager on behalf of the overseas landlord.