LONDON, UK: Supermarket Income REIT (LON: SUPR) announced the acquisition of a Sainsbury’s supermarket in Swansea, South Wales, and a Tesco supermarket in Maidstone, Kent, from Argo Real Estate Limited for a total purchase price of £73 million (excluding acquisition costs), reflecting a combined net initial yield of 4.6%. The Sainsbury’s store opened in 1989…
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Acquisition of six supermarkets for a combined price of £113 million
LONDON, UK: Supermarket Income REIT announced the acquisition of six supermarkets for a total purchase price of £113.1 million, reflecting a combined net initial yield of 4.6%. Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall…