Supermarket Income REIT has acquired six grocery assets for £104m.
The assets comprise: a 74,000 sq Sainsbury’s supermarket in Macclesfield with a triple-net unexpired lease term of 13 years; a 80,000 sq ft Morrisons supermarket in Leeds with a triple-net unexpired lease term of 13 years; a fully let 50,000 sq ft M&S anchored retail park in Nottinghamshire; a 4,000 sq ft Co-op foodstore in Birmingham with a triple-net unexpired lease term of eight years; a 10,000 sq ft scheme in Glasgow anchored by a M&S store; and a 67,000 sq ft Sainsbury’s grocery distribution centre at Avonmouth2.
Rob Abraham, CEO of Supermarket Income REIT, said: “These acquisitions add six high quality grocery assets to our portfolio, marking the completion of the deployment of the proceeds of our £100m equity raise in July. We are pleased to have delivered this compelling pipeline of acquisitions within two months
“Importantly, these acquisitions represent further progress in our strategy to diversify the portfolio, adding grocery distribution and additional exposure to grocery-anchored retail, to our core UK foodstores, which span larger, omni-channel supermarkets through to convenience.”
