Supermarket Income REIT has been handed the £117m second tranche of cash from the sale of the Sainsbury’s Reversion Portfolio, and taken on four more stores.
The REIT will use the net proceeds to reduce debt, bringing LTV down to around 33%.
As part of the deal, the REIT has bought Sainsbury’s 46% interest in the four remaining stores in the SRP Portfolio for £28.3m.
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