Finance
UK supermarket group Asda raises $742 million in sale and leaseback deals
Published by Global Banking & Finance Review®
Posted on November 20, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 20, 2025
1 min readLast updated: January 20, 2026
Asda raises $742M through sale-leaseback deals on 24 stores and a depot, funding investments and reducing debt.
LONDON (Reuters) -British supermarket group Asda has raised 568 million pounds ($742 million) from sale and leaseback agreements on 24 stores and a depot with two separate buyers, it said on Thursday.
Asda, majority owned by private equity firm TDR Capital, said it plans to use the proceeds to fund capital investment in the business and reduce debt.
Four stores have been sold to DTZ Investors and leased back, while 20 stores and a depot at Lutterworth, central England, have been sold to Blue Owl Capital and leased back.
Asda, which trails industry leader Tesco and Sainsbury's, said all the properties are subject to 25-year lease agreements, with an option to renew for an additional 10 years.
It will continue to operate all sites as normal.
($1 = 0.7652 pounds)
(Reporting by James Davey; Editing by Muvija M)
Sale and leaseback is a financial transaction where one sells an asset and immediately leases it back from the buyer. This allows the seller to free up capital while still using the asset.
Capital investment refers to funds invested in a firm or enterprise for the purpose of furthering its business objectives. This can include investments in physical assets like buildings or equipment.
Debt reduction is the process of decreasing the total amount of debt owed by an individual or organization. This can be achieved through various strategies, including paying off loans or negotiating settlements.
Real estate investment involves purchasing property for the purpose of generating income or appreciation. Investors can earn returns through rental income or by selling properties at a higher price.
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