Palace Capital (PCA); signs 20-year lease with Aldi for Gosport property at 17.4% higher rental

Published on 02-10-2018 06:40:23
Author Sparks Team

PCA will now receive an annual rent of £291,000 vs £247,800 earlier.

The new lease with the German supermarket chain will run through September 2038 with provision for rent review every 5 years based on the Retail Price Index with a collar of 1% and cap of 2.75% compounding annually. The 16,500-sq.ft. supermarket in Gosport, Hampshire was acquired by PCA as part of the RT Warren portfolio.

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