Wokingham Borough Council acquires Waitrose in Twyford from John Lewis and Partners for £14.87m

August 16, 2019

Following on from an established property acquisition and development programme centred on Wokingham town centre, Wokingham Borough Council has secured its first major acquisition in Twyford for £14.87m (4.25% NIY).

The Council has acquired the Waitrose on London Road in Twyford, which is secured to Waitrose Ltd on a 20 year lease with 2% fixed annual increases. The asset sits on a unique 2.6 acre site in the heart of the town centre. The transaction was one of a number of recent sales and leasebacks on Waitrose stores in the South.

Lunson Mitchenall acted for Wokingham Borough Council and CBRE acted for the seller.

James Cogavin, Investment Director at Lunson Mitchenall says: “The asset sits on an important 2.6 acre site in Twyford, which gives the Council regeneration options in the future. The opening of Crossrail in Twyford will be a “game changer” for the town and it may open up the centre to interesting possibilities in the future for mixed use development.”

Damon Emes Head of Investment for Wokingham Borough Council adds: “The attraction of this purchase for the Council is twofold. The addition of this asset to our steadily expanding investment portfolio will provide the Council a predictable source of safe income, which can be used to fund local services for many years to come. More importantly, it demonstrates the Council’s commitment to longer term opportunities throughout the borough.”


The asset sits on an important 2.6 acre site in Twyford, which gives the Council regeneration options in the future
James Cogavin, Lunson Mitchenall


A new face of newly re-generated @altymarket in Antricham, Greater Manchester is home to independent quality food operators like @honestcrustsourdoughpizza @wolfhousekitchen @tendercow @jackinthebox @atkinsons.coffee alongside traditional #fruit and #veg stalls #foodmarkets #foodstalls #urbanregeneration #thingstodoinmanchester
Boots new wellness concept store in the former M&S on Long Acre Covent Garden. 28,500 sq ft of beauty, wellness, vegan nutrition and sustainably sourced and inspired products. Also not a plastic bag in sight. The best looking Boots we ...
Without doubt the most iconic leisure developments of 2019 @intulakeside is edging closer to completion! @lunsonmitchenall are incredibly excited and proud to be involved in securing some of the best leisure operators in the market @nickelodeon @puttshack @hollywoodbowl @flipoutlakeside @eatthehall ...
James and Archie @lunsonmitchenall and Gavin and Nick @dtzinvestors great day golfing at RAC golf club #lunsonmitchenall #dtzinvestors #golf #racgolfclub
Morphe coming to intu Eldon Square Newcastle. Can not wait to see this open! 👀💅 👍@morphebrushes @intueldonsquare #morphe #newcastle #makeup #retail #newbrand #intueldonsquare
Uber’s new electric JUMP bike sat outside the office. These bikes feature electric pedal assist motors taking you to a max speed of 15mph. £1 to unlock and 12p per minute to hire charged to your Uber account. Interesting to ...
@hammerson_plc @landsecgroup and @lunsonmitchenall rock @the_water_rats for @sftslondon raising over £4,000 for the charity!
@lunsonmitchenall appointed by @burgerkinguk to find at least 90 new outlets #retailexpansion #restaurantexpansion #burgerking #lunsonmitchenall
The 3x1 Denim Store in Soho NYC. House designed and custom made jeans created on site in premium denim. Current collaboration with Nike for their Air Force 1. #wantone #airforce1 #nike #sneakers #3x1 #nyc #denin #customclothing #retail #jeans #selvedgedenim 👖 ...

Load More

Sign up for our newsletter to keep up to date with Lunson Mitchenall