WP Carey has acquired a Morrisons supermarket and petrol station in Doncaster for £23m.
The supermarket and petrol station are triple-net leased for 14 years and 13 years respectively, with inflation-linked rent increases.
Karolis Adlis, executive director, European investments, at WP Carey, said: “We’re delighted to kick off the new year by adding another high-quality facility to our portfolio, and one that is leased to one of the UK’s largest supermarket brands. The UK grocery retail space has demonstrated strong resilience, continuing to grow amidst the wider challenges presented within the current economic environment. We look forward to working with Morrisons, supporting the business’ evolving needs over the coming years.”
