Supermarket-led Wiltshire asset changes hands for £8.6m
A supermarket-led retail asset in Warminster, Wiltshire has changed hands in a deal worth £8.6m.
The property has been sold by HBD, the property investment and development arm of development and home building business Henry Boot, to a UK real estate investment trust.
Located on a two-acre site on the edge of Warminster town centre, the 29,350 sq ft asset is fully let and comprises a Waitrose supermarket and three adjacent retail units.
Since its completion in 2012, the property has been held within Henry Boot’s investment portfolio. The asset has a weighted average unexpired lease term of 10.9 years to expiry, and 10.4 years to first break, with Waitrose accounting for 82% of the income.
The sale represents a net initial yield of 6.6% and was completed at a premium to the 31 December 2025 book value.
Tim Roberts, CEO at Henry Boot, said: “This disposal reflects the group’s focus on recycling capital from its investment portfolio, ensuring we remain well positioned to deploy capital to continue generating long-term returns. We will continue to be patient in building back the value of the investment portfolio through high-quality projects such as Origin, in line with our medium-term target.”