Pension Fund exits M&S in Oxford

Forge are pleased to have advised Daily Mail Pension Fund on the disposal of the M&S Food in Summertown, Oxford.

The property is let to M&S until October 2034, and the passing rent is subject to five-yearly CPI-linked reviews (collared and capped at 1% – 3%, annually compounded).

Joe Baio commented:

“We are pleased to have secured a strong exit on behalf of our client, having generated competitive tension after a full marketing process.

This sale marks the latest in a series of successful foodstore disposals in which Forge has acted. Many thanks to Philip Hay who acted on behalf of the Purchaser, a private family office.”

For further information on this, or our various upcoming sales, please contact Joe Baio or Jonathan Mills.