LONDON: Supermarket Income REIT plc (LSE: SUPR) said Monday it has acquired a top-performing Tesco supermarket in Ashford, Kent, for £54.1 million, excluding acquisition costs. The deal reflects a net initial yield of 7.0%. The 93,000-square-foot store includes a petrol filling station and sits on an 8.2-acre site. Tesco has traded from the location for…
LONDON: Supermarket Income REIT (LSE: SUPR) announced a strategic joint venture with Blue Owl Capital, a U.S.-based alternative asset manager with over $250 billion in assets under management. The partnership aligns with SUPR’s strategy to recycle capital at favorable valuations and expand earnings. The joint venture begins with a seed portfolio of eight high-yielding supermarket…
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…
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…
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…
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…
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…
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…