Trinity College invests in Tesco store portfolio

Trinity College, the richest college at Cambridge University, has bought a 50% stake in a portfolio of Tesco stores.

The stake is estimated to be worth around £440 million.

According to a report in the Telegraph, the college has purchased 11 stores as well as a Tesco subsidiary in a deal financed through the issuing of a £450 million commercial mortgage backed security.

The Tesco portfolio includes stores in London, Bradford and Doncaster and a development site in Woolwich close to the O2 centre.

The college’s property portfolio is worth around £800 million and returns from the investment are used to fund research and provide extra funds for education.
 

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