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Asda Agrees to Sell 24 Supermarkets and Depot in £568 Million Sale-and-Leaseback Deal
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Asda Agrees to Sell 24 Supermarkets and Depot in £568 Million Sale-and-Leaseback Deal
Asda has agreed to sell 24 of its supermarkets along with a key distribution depot in a deal valued at £568 million, marking a major move to strengthen its financial position.The agreement includes 24 retail sites and a distribution depot in Lutterworth, Leicestershire. Ownership will transfer to multiple investment groups: • US investment firm Blue Owl Capital will acquire 10 of the stores plus the Lutterworth depot. • A joint venture between B…
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