LaSalle Investment Management has completed the acquisition of two properties in Northern Ireland for £48.6 mln (EUR 61.3 mln) on behalf of the Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
LaSalle Investment Management has completed the acquisition of two properties in Northern Ireland for £48.6 mln (EUR 61.3 mln) on behalf of the Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC).
Both properties have long leases with two supermarket chains.
The first building, acquired in February 2012, is located on Bentrim Road, Lisburn and has a long lease with Tesco. The property comprises around 8,000 m2 and includes a petrol station.
The second building, which was acquired in June 2012, lies on the western side of the River Foyle on Strand Road in Londonderry and comprises around 7,000 m2. Built in 1999, the scheme is currently let to Sainsburys Stores until December 2024.
In the Tesco transaction, LaSalle and NILGOSC were advised by Briant Champion Long and the seller Tesco by Morgan Williams.
For the Sainsburys deal, LaSalle/NILGOSC were advised by Jones Land LaSalle and the seller Eglinton Investments by Lisney.
