Cambridge University Endowment Fund signs JV on Tesco’s CMBS-financed £490m sale-and-leaseback

Cambridge University Endowment Fund has taken a 50% equity stake in the £490m sale-and-leaseback of seven regional Tesco stores throughout the UK, financed last week by a £493.4m credit-linked CMBS. This is the second such sale-and-leaseback joint venture which Tesco has … Continue reading →

Tesco lines up JV sale-and-leaseback partner after pricing £493.4m CMBS

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Tesco has financed the sale-and-leaseback of seven UK Tesco supermarkets including three regional development sites valued at £455m, with a 21-year dated £493.4m securitisation guaranteed at corporate level by the world’s third largest supermarket chain. The credit-linked securitisation, at LTV … Continue reading →