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Supermarket Income REIT sweeps up more Sainsbury's properties in their shopping trolley

Atrato Capital's Steve Noble, Supermarket Income REIT PLC's (LON:SUPR) investment adviser, speaks to Proactive London about their latest shopping spree, this time a slew of properties on which supermarket giant Sainsbury’s trades.

The 25.5% beneficial interest in one of the UK's largest portfolios of supermarket properties has been acquired from an Aviva Investors managed fund through Supermarket Income’s 50:50 joint venture with the British Airways Pension Trustees Limited.

The purchase price is £115.0mln (excluding acquisition costs), of which the London-listed real estate investment trust (REIT) will stump up half.

Quick facts: Supermarket Income REIT PLC

Price: 109.311 GBX

LSE:SUPR
Market: LSE
Market Cap: £728.59 m
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Supermarket Income Reit acquires Tesco in Leicester, part of omnichannel and...

Steven Noble from Atrato Capital, Supermarket Income REIT PLC's (LON:SUPR) investment adviser talks to Proactive London’s Katie Pilbeam about the latest round of acquisitions. The specialist grocery site investor, has acquired a new site at Beaumont Leys, Leicester from British Land and...

on 16/11/20

2 min read