Commercial Investment Opportunity 

CBRE are pleased to share the details of Project Trident, a unique opportunity to acquire a sale and leaseback portfolio from The Range, one of the UK’s most resilient retail brands.

The portfolio comprises ten assets in total. There are six properties in England, one in Wales, two in Northern Ireland and one in Dublin. The assets are being marketed as three separate packages; the Mainland UK Portfolio, Northern Ireland Portfolio and the individual Dublin asset, however there is opportunity for prospective purchasers to acquire the entire portfolio.

The Northern Ireland assets are located at:

• The Range, Jubilee Way, Glengormley, BT36 5HH
• The Range, Banbridge Retail Park, Banbridge, BT32 4GN

Overview

• The Range is a long standing and well-established business which delivered significant revenue growth in the year ending 2025, driven primary by the strategic acquisition of 53 former Homebase stores, which has significantly accelerated the company’s expansion programme.
• All assets in the portfolio will be fully let to CDS (Superstores International) Limited, trading as The Range, providing investors with a secure, long income profile.
• The Range will provide a rare 15-year lease term with no break options.
• Built in growth with 5 yearly CPI linked rent reviews (1- 3%).
• The properties will all be on full repairing and insuring leases.
• For the two assets located in Northern Ireland, we are instructed to seek offers in excess of £12,280,000, which reflects a net initial yield of 7.25%, after purchasers’ costs of 6.71%.