tag:blogger.com,1999:blog-57132882024-03-06T15:03:21.429-05:00Net Lease NewsThe foremost source for news on sale leaseback transactions, lease financings, and the sale of single tenant and net leased real estate investments worldwide.
Author: Patrick R. MickeyAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.comBlogger1290125tag:blogger.com,1999:blog-5713288.post-9866833457720130282011-01-20T22:59:00.005-05:002011-01-20T23:45:23.887-05:00Dillard's to Lease Back Store Portfolio to Newly Formed REITChicago Breaking News / Dow Jones Newswires - January 19, 2011Shares of department-store operators climbed Thursday as investors made bets on which retailers may follow Dillard’s Inc. in its plan to form a real-estate investment trust.Dillard’s said in a regulatory filing late Wednesday it believes the formation of a REIT may enhance its ability to access debt or preferred stock and improve its Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-78484837714186674672011-01-20T22:38:00.004-05:002011-01-20T23:43:43.193-05:00Sainsbury Completes £125 Million Sale Leaseback of Three UK SupermarketsProperty Week - January 19, 2011Prupim has completed the £125m purchase of three supermarkets on a sale-and-leaseback basis for M&G’s Secured Property Income Fund.The real estate fund manager has bought three Sainsbury’s superstores in Worcester, Truro and Huddersfield. The leases at stores are for 25 years, with RPI-linked rent reviews.Steffan Francis, director of fund management at Prupim, saidAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-32319330824894860022011-01-19T23:08:00.001-05:002011-01-20T23:42:32.544-05:00C1000 BV Strikes $209.3 Million Sale Leaseback of Six Logistics Facilities in the NetherlandsThe Wall Street Journal - January 19, 2011In a deal that highlights how European companies are using their property for alternative financing, C1000 BV, the second-largest food retailer by sales in the Netherlands, has sold all six of its logistics facilities to W.P. Carey & Co. for €155 million ($209.3 million).The deal, which will be announced as early as Wednesday, was arranged as a sale and Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-15013575209560228982011-01-16T00:17:00.004-05:002011-01-20T23:39:02.043-05:00Goldman Sachs UK HQ Trades for $444 MillionBloomberg - January 14, 2011A building that’s part of Goldman Sachs Group Inc.’s London headquarters was purchased by Chinese Estates Holdings Ltd. for about 280 million pounds ($444 million), the broker that advised on the sale said. The New York-based bank has about 10 years left on its lease at River Court, a building on Fleet Street in the U.K. capital’s main financial district, Gresham Down Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-31891284210563926592011-01-15T12:30:00.006-05:002011-01-20T23:25:42.184-05:00Agrokor Completes EUR 49 Million Sale Leaseback of Six Supermarkets in and Around ZagrebPropertyEU - January 11, 2011WP Carey, the global sale-and-leaseback specialist, has announced the acquisition of a portfolio of retail facilities in Croatia for a total consideration of EUR 49 mln. The deal was carried out through its non-traded REIT affiliate, CPA:17 - Global. The transaction is WP Carey's second in Croatia and its second with Agrokor following a EUR 77 mln acquisition of Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-88264688670819232882011-01-15T11:37:00.010-05:002011-01-20T23:25:10.728-05:00HealthNow HQ in Buffalo Sold for $84.5 MillionBuffaloNews.com - January 13, 2011, 2010HealthNow New York's corporate headquarters has been sold in what may appears to be the second-largest commercial real estate deal in Buffalo history.A Phoenix-based real estate investment firm has completed its previously announced purchase of the landmark building and adjacent parking garage, paying $84.5 million for the 469,000-square-foot complex.Cole Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-52354167920136592892011-01-15T11:29:00.004-05:002011-01-20T23:24:32.746-05:00Getty Realty Completes $111.3 Million Sale Leaseback of 59 Convenience Stores in Northern Suburbs of New York CityConvenience Store News - January 14, 2011, 2010Adding to its more than 1,000 holdings across the country, Getty Realty Corp. has acquired 59 convenience stores in and around the northern suburbs of New York City -- including Westchester and Rockland counties -- and the lower Hudson Valley. The locally headquartered real estate investment trust took ownership of the Mobil-branded properties for a Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-48943336025065101152011-01-15T11:24:00.003-05:002011-01-20T23:24:00.520-05:00Accor Confirms EUR 378.4 Million Sale Leaseback of 49 Hotels in France, Belgium and GermanyFox Business/Dow Jones Newswires - January 13, 2011French hotel operator Accor S.A. (AC.FR) Thursday confirmed the sale of 49 hotels in France, Belgium and Germany to a consortium comprised of Predica, a subsidiary of Credit Agricole S.A. (ACA.FR) and Fonciere des Murs. MAIN FACTS: - 43 of the properties were divested in December 2010, while the six remaining hotels will be sold in 2011. - The Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-72786958464244621142011-01-15T11:08:00.003-05:002011-01-20T23:23:11.294-05:00Enterprise Inns Completes £42.5 Million Sale Leaseback of 29 Pubs in Central LondonCaterersearch.com - January 14, 2011Enterprise Inns has sold 29 central London pubs to Max Property Group for £42.56m.The deal, brokered by CB Richard Ellis, will see the properties leased back to Enterprise on a 35-year lease with an initial rent of £2.975m per year (7.0% cap rate.)David Batchelor, senior director at CB Richard Ellis and head of Leisure and Alternative Investments commented: “Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-62625748660887994262011-01-10T00:38:00.004-05:002011-01-20T23:22:16.774-05:00Sainsbury’s Superstore in UK Trades for 4.4% Initial YieldBritish Land Website - January 7, 2010British Land sells Sainsbury’s Superstore in Macclesfield for £36 millionBritish Land announces today that it has sold a Sainsbury’s superstore in Macclesfield to Aviva Investors for their Lime Property Fund for £36 million, representing a net initial yield of 4.4%.The 73,500 square foot superstore is leased to Sainsbury’s for 28.5 years at a passing rent of Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-20978636826512032132011-01-05T22:07:00.006-05:002011-01-20T23:20:59.394-05:00Facebook Weighing $420 Million Leaseback Arrangement for New HQTech Crunch - January 4, 2010Faceook is considering moving its headquarters to the old Sun Microsystems campus in Menlo Park, as we previously reported. Some new details about the transaction have come to light. Facebook is considering a leaseback of the property, which would save the company from doling out hundreds of millions of dollars in cash right now (although it can afford to). The Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-81501246237185813432010-12-30T16:37:00.003-05:002011-01-03T00:53:04.049-05:00Pace University Enters Build-to-Suit for Student Housing in ManhattanReuters - December 30, 2010Israel's Harel Insurance Investments & Financial Services (HARL.TA) said on Thursday it was teaming up with U.S. real estate partners for a project in New York, as it expands its property portfolio abroad.Harel, U.S. office space owner SLG Green Realty (SLG.N) and real estate developer Jeff Sutton aim to build a $58 million complex in lower Manhattan's financialAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-24695697832058900462010-12-29T20:28:00.002-05:002011-01-03T00:52:08.823-05:00DTS Completes EUR 80 Million Sale Leaseback of Madrid HQProperty Week - December 29, 2010CB Richard Ellis has completed the €80m (£68m) sale and leaseback of the headquarters of the largest provider of digital pay television in Spain, Distribuidora de Television Digital S.A.U. (DTS).CPA®:17 – Global, an affiliate of WP Carey, the global investment management company that provides long-term sale and leaseback and build-to-suit financing, acquired the Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-52988035444321062232010-12-28T14:17:00.002-05:002011-01-03T00:51:40.222-05:00Mercedes-Benz Spain Agrees to Sale Leaseback of HQ in AlcobendasCincoDias.com (as translated in Google) - December 27, 2010The Spanish subsidiary of German carmaker Daimler, Mercedes-Benz Spain, has reached an agreement with a subsidiary business of the insurer Mapfre life to sell its headquarters in Spain, located in the town of Alcobendas (north of Madrid) and shall leased for a minimum period of ten years, extendable to 20 years.According to the company, Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-27788483898322449912010-12-27T23:36:00.004-05:002011-01-03T00:50:59.105-05:00Medica Completes EUR 130 Million Sale Leaseback of 19 Care Facilities in FranceMedica Website - December 20, 2010MEDICA, a leading provider of long and short-term dependency care in France, announced today the sale and leaseback of a portion of its property assets.The new finance lease was signed on 17 December 2010 under a club deal with Natixis Bail, a wholly-owned subsidiary of Natixis, and Finamur, a wholly-owned subsidiary of Credit Agricole Leasing (co-leads) and OseoAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-78553362920182248792010-12-27T22:52:00.004-05:002011-01-03T00:50:26.562-05:00Carquest Completes $258 Million Sale Leaseback of 29 Distribution Centers and Four Office BuildingsCitybizlist New York - December 22, 2010Corporate Property Associates 17 - Global Inc., one of the publicly owned, non-traded real estate investment trusts (REIT) of W. P. Carey, has completed a $258 million acquisition of 29 automotive equipment distribution centers and four office buildings totaling 3,572,684 square feet.The real estate investment trust has also entered into a total of four netAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-59335235823398407152010-12-27T22:31:00.006-05:002011-01-03T00:49:52.187-05:00Banca MPS Trust to Issue EUR 1.54 Billion in Lease-Backed Notes Secured by 683 Bank Branches and Offices in ItalyTD Waterhouse/Fitch Research - December 23, 2010Fitch Ratings has assigned Casaforte S.r.l.'s EUR1,536.64m class A notes, due June 2040, a final 'A-sf' rating with Stable Outlook. The final rating addresses the timely payment of interest and ultimate repayment of principal. Fitch gave consideration to the legal and financial structures in assigning the final rating to the issue.The transaction isAnonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-81227433653988118812010-12-26T14:32:00.002-05:002011-01-03T00:49:01.802-05:00Enterprise Inns to Pursue Sale Leaseback of 27 UK Pubs in 2011The Publican - December 22, 2010Enterprise Inns is believed to be preparing to sell off the freehold interest in 27 pubs, possibly as part of its ongoing sale and leaseback programme.One of the pubs understood to be up for sale in the New Year is the Eagle Ale House in Battersea, South London, which is run by Simon Clarke, a leading light in the Fair Pint movement.The UK’s largest leased pub Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-35903970719809331222010-12-24T01:58:00.002-05:002011-01-03T00:48:30.644-05:00NH Hotels Seeking EUR 200 Million Sale Leaseback of Six Hotels in SpainBloomberg - December 21, 2010Hesperia, the largest shareholder in NH Hotels SA, plans to sell six hotels in Spain in a sale and leaseback agreement for 200 million euros ($263 million) to reduce debt, Expansion reported.Hesperia hired Spanish real estate consultant Aguirre Newman to advise on the sale, the newspaper said.The company hopes the sale will produce a capital gain of 43 million euros Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-69449195419541624582010-12-23T01:09:00.001-05:002011-01-03T00:48:06.475-05:00Banco Sabadell Bank Branch Portfolio Sold for EUR 55 MillionPrivate Equity Real Estate - December 20, 2010Moor Park Capital, the London-based asset management and investment firm, has sold a package of 48 local bank branches in Spain to the private investment house of Armancio Ortega, the founder of the eponymous Inditex fashion chain.In a statement issued today, it emerged ISC Freshwater Investments, which is an investment vehicle advised by Moor Park, Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-62965546643551174012010-12-19T22:05:00.001-05:002011-01-03T00:47:02.456-05:00HCP Acquires ManorCare in $6.1 Billion Sale Leaseback of 338 Senior Care FacilitiesThe Toledo Blade - December 15, 2010Toledo's largest privately held company has sold off its real estate to a California company and will lease it back as part of what amounts to a $6.1 billion refinancing of the deal that originally made HCR ManorCare a private firm three years ago.Neither the day-to-day operations of ManorCare, which is owned by the Carlyle Group and headquartered in downtown Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-83031728591524389132010-12-19T21:41:00.002-05:002011-01-03T00:46:26.156-05:00SuperAmerica Completes $248 Million Sale Leaseback 135 Convenience Store Service Stations in Minnesota and WisconsinCoStar Group - December 15, 2010Realty Income Corp. completed the acquisition of 135 SuperAmerica convenience stores and one support facility for $248 million under long-term, triple-net lease agreements. These, and certain other assets, were sold by Marathon Oil and will be leased to newly formed companies owned and operated by Northern Tier Energy, a portfolio company of ACON Investments and Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-86605600185772163412010-12-19T12:04:00.003-05:002011-01-03T00:45:19.312-05:00London HQ of Allen & Overy Sold for $882 MillionThe Telegraph - December 16, 2010The biggest office deal in the City this year has been completed after two JP Morgan funds agreed to buy Bishops Square for £557m.The 825,000 sq ft property is the headquarters of law firm Allen & Overy and is located next to Spitalfields Market.The deal highlights the scale of investor demand for property in the Square Mile, which has led to the capital Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-2438698768074730492010-12-18T02:23:00.002-05:002011-01-03T00:30:57.603-05:00YTL Agrees to $153 Million Sale Leaseback of Four Hotels in Japan and Kuala LumpurBusiness Times - December 15, 2010YTL Corp Bhd is selling four properties to Starhill Real Estate Investment Trust (REIT) for RM472 million and leasing them back. The properties are Cameron Highlands Resort, Hilton Niseko in Japan, Vistana Penang and Vistana Kuala Lumpur, the group said yesterday. Apart from RM100 million cash payment, Starhill Global Real Estate Investment Trust will also issue Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0tag:blogger.com,1999:blog-5713288.post-8457136465464670562010-12-10T22:59:00.002-05:002010-12-30T11:35:17.519-05:00Capital Automotive Preps $463.3 Million Lease-Backed Financing of 78 Auto DealershipsTD Waterhouse/Thomson Reuters IFR - December 6, 2010Last week, Credit Suisse (structurer), Barclays, and Goldman Sachs announced the US$463.3m CARS-DB4 Net-Lease Mortgage Notes Series 2010-1, which is backed by 78 commercial real estate properties (primarily automobile dealerships) including related rents according to triple-net leases.The issuer is privately held McLean, Va.-based Capital Anonymoushttp://www.blogger.com/profile/01887387750196683653noreply@blogger.com0