SUNDERLAND, UK-Terrace Hill Group plc has closed a forward funding deal worth GBP 35 million for the development of a supermarket in Sunderland, Tyne and Wear. Osprey Equity Partners' private investor fund, Osprey Supermarket Income and Growth 1 LP has forward funded the purchase and development. HSBC Bank plc has contributed GBP 20 million in debts to the fund.
Sainsbury has leased the 97,729-square-foot supermarket comprising a 517-vehicle parking lot and 6-pump fueling station for 25 years. The store is scheduled for opening in March 2013. For the full story, go to Europe Real Estate .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
