Tesco is planning a GBP950 million (US$1.42bn) property securitisation in the latest phase of its programme to release value from its UK property portfolio.

The move is part of a GBP5bn programme of property disposals that began in 2006.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to reports in Property Week, the grocery retailer is looking to sell 30-year commercial mortgage-backed securities, backed by rents on a portfolio of 41 stores. The bonds have a 30-year maturity and have been rated A3 by Moody’s.

This transaction is Tesco’s first commercial mortgage-backed securities deal this year, and the fourth such deal in the past 18 months for the retailer.

Tesco declined to comment further but the deal is set to complete early next week.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now