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


Atrato Capital’s Steve Noble, ‘s () 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.



Read MoreSupermarket Income REIT sweeps up more Sainsbury’s properties in their shopping

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x