Leeds property consultancy Gent Visick has negotiated the UK’s biggest ever industrial sale and leaseback transaction after advising retail giant Sports Direct on the sale of its 1.8m sq ft headquarters and distribution centre at Shirebrook in Derbyshire.
There are signs retiring farmers are increasingly selling their holdings and leasing them back to release capital while continuing to earn an income.
By adding a clause into a sale, landowners can rent their holding back, while buyers can benefit from a discounted holding.
Cast-iron leaseback clauses in sale contracts were still uncommon, said agents, but a desire to continue farming was driving more such agreements.
There was, however, no evidence that depressed farm incomes and the need to service debt were contributing to the trend.
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