Sainsbury’s sells Haydock depot for £43m

14 April 2008 09:35 Comments (0)

Sainsbury's has beaten the tough financial market to complete a sale and leaseback of its 626,624 sq ft distribution depot in Haydock to clients of Mutual Finance for £42.7m.

The depot is one of four in a £191m portfolio deal, with others also sold in Stoke, Hams Hall and Tamworth to separate parties.

All four were on 25-year leases to Sainsbury's and reflect an average yield of 5.74%.

Cushman & Wakefield acted for Sainsbury's; Morgan Williams advised Mutual Finance.

Your Comments

Read our comments policy

Related Articles

Jeremy Hunt, HM Treasury, c Simon Walker, No Downing Street via HM Treasury

Spring Budget 2024 | Main announcements, industry reaction

6 March 2024 15:34 Rory Sheehan Comments (12)

A trailblazer devolution deal for the North East, a £450m investment in a Liverpool vaccine manufacturing hub, and regeneration funding for Runcorn, Rawtenstall, Newton-le-Willows, and Rhyl featured among chancellor Jeremy Hunt’s announcements.
HEMSIPHERE, Sciontec, p Jayne Moore Media

Liverpool welcomes £31m boost for life sciences hub and street market

1 March 2024 14:53 Rory Sheehan Comments (12)

At the Convention of The North conference, Michael Gove the secretary of state for levelling up, housing, and communities announced the multi-million investment package for the city.

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox

Subscribe

Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below