Asda's prospective new owners are looking to raise £1.2bn from the sale of the supermarket chain's logistics and distribution network, according to reports. The Issa brothers, who own petrol empire EG Group, have taken on Eastdil Secured to prepare a sale and leaseback of Asda's distribution centres, ahead of their £8.6bn takeover of the supermarket chain. The distribution assets, which total almost 7 million sq ft, could be split up into three or four packages. The portfolio includes the supermarket chain's distribution centres in Heston, Dartford, Bristol, Washington, Wakefield, Didcot and Lutterworth.
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