Colliers | LaSalle Investment Management completes on sale of Morrisons, Telford, to Supermarket Income REIT for £14.25 million

Colliers International’s retail capital markets team, acting on behalf of LaSalle Investment Management, the global investment manager, has completed on the sale of the Morrisons, Lawley Square, Telford, to Supermarket Income REIT for £14.25 million.

The 42,500 sq ft store is let to WM Morrison Supermarkets Plc until November 2037, with a break clause in 2032.

Tom Edson, Head of Retail Capital Markets at Colliers, who acted for the vendor commented: “Supermarket operators have adjusted well to the Covid-19 crises and managed to see an increase in sales. This positive momentum has in turn drawn in commercial property investors. This sale on behalf of LaSalle was another opportunity to capitalise on this demand, whilst giving Supermarket Income REIT exposure to a well-placed inflation linked supermarket in the growth area of Telford.”

Morgan Williams acted for Supermarket Income REIT.

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Hannah Zitren

Associate Director

Marketing & Communications

Manchester

+44 20 7344 6739

I am responsible for media relations and generating coverage in top tier broadcast and print media. I work across a range of Colliers’ UK & Pan-EMEA business lines advising on their strategic and tactical PR needs.

My role includes:

· Developing and executing PR plans for the various business lines to help promote their key messages across all aspects of the media - print, broadcast and social.

· Media evaluation and reporting objectives, targets and successes across the business.

· Reputation management and crisis management.

· Media training.

· Media engagement: setting up meetings with top tier media and various internal spokespeople to continuously expand and build a presence with property and vertical media network.

· Consistently delivering service excellence, meeting with business heads of a regular basis and trying to influence the research as much as possible to ensure our content has a strong enough news hook.

· Key campaigns that I work on include MIPIM; MAPIC; REVO; Midsummer Retail Report; IHIF; Cities of Influence in addition to a host of all alternative property sector research reports.

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