Forge act for CBRE IM on Purchase and Sale of Tesco Superstore, Norwich

Forge are pleased to have completed the sale of the Tesco Superstore in Drayton on the outskirts of Norwich Town Centre, acting on behalf of CBRE Investment Management.

The property extends to 22,000 sq ft and is let to Tesco on a lease expiring in 2032, subject to five-yearly index-linked rent reviews.

Jonathan Mills Commented:

“Having acted on the original acquisition over ten years ago, it was particularly rewarding to see the property through its full life cycle and deliver a successful exit for our client.”

Special thanks to Matt Beevor and Natalie Tanner at CBREIM for their valued instructions and continued collaboration.

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