Tesco considers closing Home Plus stores

http://www.retail-week.com/

Tesco considers closing Home Plus stores
23 January, 2012 | By Alex Lawson

Tesco is set to exit its standalone furnishing stores after poor sales led it to review its estate.

The grocery giant is keen to exit leases on all of its 13 Home Plus stores and has been looking at options with property advisor Morgan Williams, according to The Times.

Tesco completes £26.3m Derby sale and lease back

http://www.insidermedia.com/insider/midlands/83443-tesco-completes-263m-derby-sale-and-lease-back

Tesco completes £26.3m Derby sale and lease back

Tesco has completed the sale and lease back of a 57,000 sq ft supermarket in Mickleover in Derby. AXA Real Estate Investment Managers has acquired the site for £26.3m.

Tesco US Exit Would End Losses, Allow UK Turnaround Focus

Fitchratings.com
05 Dec 2012 11:35 AM
Tesco US Exit Would End Losses, Allow UK Turnaround Focus

Fitch Ratings-London-05 December 2012: A withdrawal from the US would benefit Tesco's financial profile by halting several more years of operating losses and would allow the retailer to focus on addressing more pressing issues in its home market, Fitch Ratings says. Early expectations for growth from the US business quickly proved over-optimistic, especially as it was launched just before the economic downturn. Still a withdrawal would leave the group's European and Asian operations as the only source of international diversification.

Tesco pension fund has appetite for non-core real estate strategies

Real Estate News
Tesco pension fund has appetite for non-core real estate strategies
28 November 2011

UK - Jenny Buck, the newly appointed head of property at the Tesco pension fund, will target higher returns by investing outside core real estate.

Tesco reviews property strategy

http://www.ft.com/cms/s/0/d2828764-4105-11e0-bf62-00144feabdc0.html

February 25, 2011 11:06 pm
Tesco reviews property strategy
By Andrea Felsted, Senior Retail Correspondent

Philip Clarke, the incoming chief executive of Tesco, is examining the group’s property strategy in a move that some analysts believe could herald a further multibillion-pound disposal programme.

LaSalle Acquire Tesco Foodstore Adjacent Oxford Shopping Park

http://www.wilkinsonwilliams.co.uk/

LaSalle Acquire Tesco Foodstore Adjacent Oxford Shopping Park

HSBC, a client fund of LaSalle Investment Management acquired the Tesco supermarket adjacent to its existing Oxford Shopping Park for a price of £35.959m reflecting a net initial yield of 4.9%, an equated yield of 5.6% and a reversionary yield of 7.81% based upon the assumed RPI uplifts throughout the term from Tesco. The property is let to Tesco Stores Limited with a guarantee from Tesco PLC for a period of 20 years from completion subject to a tenant’s option to extend the term for up to an additional 30 year term at a rent equating to £25.00 per sq ft. The supermarket extends to approximately 65,000 sq ft together with surface car parking for 510 customer cars. Wilkinson Williams acted for LaSalle.

Tesco sells 13 stores and a depot for £600m to fund expansion plans

http://www.guardian.co.uk/business/2008/aug/22/tesco.supermarkets

Tesco sells 13 stores and a depot for £600m to fund expansion plans

· Deal is part of five-year plan to raise £5bn
· Properties leased back with rents linked to RPI

Julia Finch, City editor
The Guardian, Friday 22 August 2008

Tesco is selling 13 stores and a depot to raise cash to fund expansion. The supermarket group has agreed sale and leaseback deals with property investors to raise more than £600m to fund growth.

Tesco: Europe's biggest property company

http://www.telegraph.co.uk/

Tesco: Europe's biggest property company
12:01AM BST 22 Apr 2007

Baked beans and mange tout make up a small part of what makes the supermarket tick, write James Hall and Jonathan Russell