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TSCDY Tesco PLC (PK)

12.6975
0.2375 (1.91%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tesco PLC (PK) USOTC:TSCDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.2375 1.91% 12.6975 12.50 12.79 12.6975 12.50 12.50 259,101 21:18:30

Tritax Big to Acquire Tesco Distribution Center for GBP47.1 Million

01/06/2015 12:30pm

Dow Jones News


Tesco (PK) (USOTC:TSCDY)
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From Jul 2019 to Jul 2024

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LONDON--Tritax Big Box REIT PLC (BBOX.LN) said Monday that it has acquired a regional distribution center of Tesco PLC (TSCO.LN) for 47.1 million pounds ($71.99 million), net of acquisition costs.

The distribution center is located at Capitol Park in Goole, England. Tritax funded the purchase out of equity proceeds, with senior debt finance expected to be introduced in the near term.

The center is being acquired with an unexpired lease term of 17.5 years and is subject to five yearly upward only open market rent reviews. The next rent review is due in 2.5 years.

Completion of the sale is expected to take place by June 5.

Shares of Tritax at 0712 GMT trading 0.2% lower at 116 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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