Aldi Stores
acquired
60+
Total for Aldi
1,000,000 sq ft
This project involved the acquisition of a vacant Morrisons Supermarket by a developer client at the request of Aldi in order to deliver part of the space for an Aldi supermarket.
About
This property
52,000 sq ft
Location
LONDON
STREATHAM
HIGH ROAD
We used our extensive market contacts to identify a developer sufficiently funded and aligned with Aldi’s strategic expansion goals. With Aldi’s approval, we secured the acquisition of the vacant property in just 15 days.
Our role on this project extended beyond acquisition, as we leveraged our industry insights to provide strategic leasing advice, optimising the spatial layout and structuring leases to attract premier tenants and make the investment institutionally attractive to a wide breadth of buyers. This approach secured long-term leases with national occupiers such as M&S and The Gym Group, enhancing the investment’s appeal.
The fully let investment was later sold to HSBC pension fund, demonstrating our ability to unlock difficult projects within strict time constraints and achieving client targets.
Working on behalf of Aldi, we identified a Homebase store as a potential site when it became part of a Company Voluntary Arrangement (CVA), providing the landlord with the option to secure vacant possession upon the activation of a Landlord break within a short time window.
Acquisition of a 40,000 sq ft store in a Top 5 location for our client with immediate fast track onto the priority opening list and satisfying a key business development objective for Wickes.
Acquisition of a 5 acre plot on a subject to planning basis in a location identified as a high priority, we sourced the site off market and under timing limitations due to other occupational interest in the site.
This project involved the acquisition of development land for Aldi. The land had an expired retail park consent and was bought from fixed charged receivers in a competitive bidding situation.
Working on behalf of Aldi, we identified a planning-restricted retail/PFS development site on Edgware Road in Little Venice. Collaborating closely with the landlord, we proposed a solution to enhance the efficiency of the commercial space and pave the way for Aldi to occupy on a subject-to-planning basis.
In another strategic instruction from our client JD Wetherspoon PLC, we acquired a valuable freehold reversion opportunity under the looming threat of redevelopment by the landlord. In an off-market approach that ran on for over 3 years, we successfully executed the purchase from AXA Investment Managers.
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