M&G Complete Project Sparta

Forge are pleased to have advised M&G Real Estate on the successful acquisition of Project Sparta, a sale-and-leaseback foodstore portfolio comprising eleven Waitrose assets.

Jonathan Mills commented:

“The Portfolio offered our client a unique opportunity to secure eleven highly attractive foodstore assets in affluent, predominantly South East locations. All assets are let on 20 year leases subject to CPI linked rent reviews and therefore offer our client an extremely attractive income stream.”

Huge thanks go to Slaughter and May and Hogan Lovells who acted for John Lewis Partnership and M&G Real Estate respectively on the legal side and to George Pelling at CBRE, who advised John Lewis Partnership on the sale.