Chineham District Centre, Basingstoke – Sale Completed
We are pleased to announce we have successfully negotiated the sale of Chineham District Centre, Basingstoke to Supermarket Income REIT PLC for £72.9 million.
The centre comprises 19 acres, parking for in excess of 800 cars and is anchored by Tesco’s, M&S Foods, Boots, Iceland, Poundland and Matalan. Tellon acquired the site in 2018 and successfully negotiated planning approval for the renovation and expansion of the centre in 2020.
Chineham remains an extremely attractive site due to its core anchor stores and good covenants with Tesco’s at its core.
Thank you to the team involved, including Addleshaw Goddard, Wilson Wright, Harvey Spack Field and Munroe K for all of their hard work managing the sale and congratulations to the new owners, Supermarket Income REIT PLC.