LCN Capital Partners, a pan-European specialist in sale & leaseback transactions and build-to-suit (BTS) projects, has acquired two supermarket properties in the UK.
The assets are located in Cardiff (Wales) and Wigan (England) and are leased on a long-term basis to leading supermarket chains Tesco and Sainsbury’s.
Financial details were not disclosed.
The acquisition was financed by Deutsche Hypo – NORD/LB Real Estate Finance.
Commenting on the deal, Paul Sutcliffe of Deutsche Hypo – NORD/LB Real Estate said: ‘Long-let supermarkets in strong locations, leased to strong covenants will continue to attract interest from a wide spectrum of Investors.’
'We are pleased to have gained LCN Capital Partners, one of the leading sale and leaseback investors, as a new customer and to be able to support them with our expertise in real estate financing in national retail markets.'
