'We're Looking Forward to Growing': Greater Manchester Sainsbury's Bought as Part of Huge £97.6m Deal

'We're looking forward to growing': Greater Manchester Sainsbury's bought as part of huge £97.6m deal

Supermarket Income REIT has snapped up three supermarket sites, including one in Greater Manchester, for a combined total of £97.6m.

Supermarket Income REIT Completes £97.6m UK Supermarket Acquisitions

Supermarket Income REIT plc (LON:SUPR, JSE: SRI) has announced that it has completed the acquisition of three supermarkets in the UK for a total purchase price of £97.6 million, at an average net initial yield of 5.5%1. These acquisitions, comprising well-established stores with long trading histories, have been carefully selected to align with SUPR’s core business strategy and drive further earnings accretion. Tesco, Aylesbury ·    Purchase pri…

SUPR acquires three UK grocery stores in £98m deal

Supermarket Income REIT (SUPR) has announced its acquisition of three UK supermarkets for a total of £97.6m as it continues to expand its portfolio of grocery-led assets. The London-listed landlord said the purchases, which cover stores operated by Tesco, Sainsbury’s and Waitrose, were completed at an average net initial yield of 5.5%. The assets were funded through the drawdown of the company’s existing debt facility. The largest acquisition is…

Investment group acquires three long-standing grocery stores in £98m deal

Supermarket Income Real Estate Investment Trust (SUPR) has strengthened its UK grocery portfolio with the acquisition of three well-established supermarkets for £97.6m. The newly acquired stores – operated by Tesco, Sainsbury’s and Waitrose – have long trading histories and have been secured at an average net initial yield of 5.5%. All three are let on long, inflation-linked, triple-net leases, aligning with SUPR’s strategy of targeting resilien…

Supermarket Income REIT ends 'transformational year' with trio of deals worth almost £100m

Supermarket Income REIT (SUPR) has continued its spending spree splashing out almost £100m on three UK supermarkets. The company, which recently bought a portfolio of Carrefour stores in France and scaled up its Blue Owl joint venture with the £196m acquisition of 10 Asda stores, today announced the purchase of a trio of supermarkets in […]