Tesco launches new leaseback CMBS

Tesco has launched its fifth sale and leaseback CMBS, a £680m deal through Tesco Property Finance 4, arranged by Goldman Sachs, HSBC, and JP Morgan.

  • 01 Feb 2011
The collateral for the loan backing the CMBS notes will be 20 UK supermarkets and one mixed use development, with 96% of the properties occupied by Tesco. Many of the supermarkets are fairly few, with some not yet complete. This “could negatively affect the vacant possession value upon ...

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