Sale and leasebacks: a case study

Suggests that the sale and leaseback of property provides a way for owner‐occupiers to redistribute capital invested in property with either the release of capital or its reinvestment in a more balanced property portfolio. Outlines a case study which shows how such a programme is carried out. Considers the strategy adopted, method of sale, legal considerations and market influences. Reveals that the degree of market interest reflected the strength of covenant being offered and the perception of an assured investment.