LONDON: Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property, announced the acquisition of a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction (“SLB”), for a total purchase price of €75.3 million (excluding acquisition costs), reflecting a net initial yield of…
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Supermarket Income REIT plans £100 million sale of new shares
LONDON, UK: The Board of Directors of Supermarket Income REIT plc, the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces its intention to raise approximately £100 million by way of a placing and an offer for subscription at an issue price of 115 pence per New Ordinary Share. The £100 million target…
Supermarket Income REIT acquires two supermarkets for £64.8 million
LONDON: Supermarket Income REIT plc announced the exchange of contracts for the acquisition of a Sainsbury’s supermarket in Melksham, Wiltshire, and a Waitrose supermarket in Winchester, Hampshire, from LaSalle Investment Management for £64.8 million, representing a combined net initial yield of 4.4%. The Sainsbury’s store was developed in the 1990’s and subsequently extended and refurbished…
Supermarket Income REIT buys a Tesco Extra, an Aldi Supermarket in Beaumont Leys, Leicester
LONDON: Supermarket Income REIT has announced the acquisition of a Tesco Extra, and an Aldi supermarket in Beaumont Leys, Leicester from British Land PLC. The Tesco store was originally developed in the 1980’s and subsequently extended and refurbished in 2007 to a 97,000 sq ft net sales area Tesco Extra. The site has parking provision…
Supermarket Income REIT acquires portfolio of Waitrose supermarkets for £74.1 million
LONDON: Supermarket Income REIT announced the acquisition of a portfolio of supermarkets via a sale and leaseback transaction with Waitrose & Partners for £74.1 million, reflecting a net initial yield of 4.4%. The portfolio comprises six freehold supermarkets with an average gross internal area of 32,000 sq ft. The stores are let to Waitrose on…
Supermarket Income REIT, British Airways Pension Trustees Limited form JV to acquire Sainsbury’s supermarkets
LONDON: UK supermarket real estate investor, Supermarket Income REIT has announced the formation of a 50:50 joint venture (JV) with British Airways Pension Trustees Limited (BAPTL) to acquire from British Land Plc a 25.5% stake in one of the UK’s largest portfolios of supermarket properties for £102 million. Supermarket Income REIT’s contribution to the JV…