REIT spends £49.7m on 113,368 sq ft supermarket
Positive results and improved economic environment boost confidence for growth
The REIT has bought Sainsbury’s 46% interest in four remaining stores for £28.3m
Supermarket Income has paid back its £203m facility with JP Morgan Chase
Sapna Shah has 20 years’ experience advising investment companies, including listed REITs
REIT has £150m of assets under exclusivity and £120m with lawyers
Supermarket REIT’s portfolio is now valued at £1.4bn
Acquisition further strengthens REIT’s portfolio of omnichannel supermarkets
Supermarket Income REIT has bought a Sainsbury’s in Hessle, Yorkshire, for £34m – a 5.5% yield
Latest share placing will fund three retail acquisitions.
Supermarket REIT has acquired a Sainsbury’s supermarket from Legal & General for £54.4m.