We’re pleased to see our client Supermarket Income REIT (SUPR) has exchanged contracts in the sale of its interest in the Sainsbury’s Reversion Portfolio to Sainsbury’s for a total gross consideration of £430.9 million (excluding costs).
For professional investors only. Capital at risk.
Our Director Ben Green, commented:
“This investment has been highly accretive for SUPR’s shareholders and is further evidence of the long-term strength and value of UK grocery property.”
Patrick Dunne, Director of Group Property, FM & Procurement at Sainsbury’s, also commented:
“We are pleased to have reached a positive outcome…and [we] look forward to continuing to work with Supermarket Income REIT in the future.”
Read the RNS here for more information including background of the transaction: https://lnkd.in/e7HzzwTC
You can also read the summary from Reuters here: https://lnkd.in/ecV4Qyzb
