Palace Capital has announced that it has agreed a new 20 year lease with Aldi at its 16,500 sq ft property in Gosport, Hampshire, increasing the rental by 17.4% to £291k p.a. and extending the lease by an additional c.8 years to September 2038 (previously August 2030). The revised lease now includes a small amount of additional land for car parking, and is subject to a rent review to be undertaken every 5 years (based on RPI with a 1% collar and 2.75% cap, compounded annually).
02 Oct 2018
Lease Renewal with Aldi
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Lease Renewal with Aldi
Palace Capital plc (PCA:LON) | 230 -3.4 (-0.6%) | Mkt Cap: 86.2m
- Published:
02 Oct 2018 -
Author:
Tim Dainton -
Pages:
2
Palace Capital has announced that it has agreed a new 20 year lease with Aldi at its 16,500 sq ft property in Gosport, Hampshire, increasing the rental by 17.4% to £291k p.a. and extending the lease by an additional c.8 years to September 2038 (previously August 2030). The revised lease now includes a small amount of additional land for car parking, and is subject to a rent review to be undertaken every 5 years (based on RPI with a 1% collar and 2.75% cap, compounded annually).