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Sale and Leaseback

   Also found in: Dictionary/thesaurus, Acronyms, Hutchinson 0.01 sec.
Sale-Leaseback
The sale of a property in which the seller immediately begins to rent the property from the buyer. That is, the seller no longer has ownership of the property, but maintains residence and/or use for the duration of the rental agreement. A sale-leaseback gives the seller profit from the sale while the buyer is guaranteed income from the rental agreement in the medium or long-term. Sometimes, a sale-leaseback occurs in order to grant the seller access to capital to make improvement on the property; for example, the seller may use the proceeds from the sale to build a factory. A form of sale-leaseback, known as sukuk al-ijara, is a common structure for sukuk, or the equivalent of a bond, in Islamic finance. Sale-leaseback is also called simply leaseback.
sale and leaseback
The sale of a fixed asset that is then leased by the former owner from the new owner. A sale and leaseback permits a firm to withdraw its equity in an asset without giving up use of the asset. Also called leaseback.
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LLC announced that two of its publicly held non-traded REIT affiliates CPA[R]: 16-Global and CPA[R]:--17 have provided $90 million in alternative long-term financing for supermarket giant, Tesco plc, through the sale and leaseback of Tesco's Hungarian logistics portfolio.
WP Carey inks $90m retail deal by Real Estate Weekly
HSBC and (Spanish property group) Metrovacesa have agreed that HSBC will secure the title of its global headquarters at 8 Canada Square in London, superseding the existing sale and leaseback agreement between the parties," a statement said.
HSBC buys back London HQ, earning £250m by AFP / AFP European Edition
As a result, businesses are now increasingly turning to sale and leaseback solutions to unlock value in their occupational property as a means to raise finance.
Tables have turned for business by Evening Gazette (Middlesbrough, England)
 
 
 
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