Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.

The Issa brothers and TDR Capital have reportedly lined up advisers Eastdil Secured to market Asda’s logistic network to prospective buyers, although the process will not be finalised until the acquisition of the supermarket chain is complete.

According to React News the structure of the deal is yet to be finalised but is likely to comprise 25 assets including the supermarket’s distribution centres in Heston, Dartford, Bristol, Washington, Wakefield, Didcot and Lutterworth.

There will be approximately 7 million sq ft worth of assets included in a proposed sale, which is expected to draw in between £1bn and £1.2bn and is likely to be divided into three to four packages.

The process is likely to attract a swathe of interested buyers due the surge in demand for warehouse space following the uplift in online retail amid the coronavirus pandemic.

The Issa brothers’ £6.8bn acquisition of Asda, which is set to be finalised next year, is currently being investigated by competition watchdog the CMA.

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