We are delighted to announce the acquisition of a Sainsbury’s in Washington, Tyne and Wear, and an Asda supermarket in Cwmbran, South Wales, for £55.1m, reflecting a combined net initial yield of 5.3%
Ben Green, Director of Atrato Capital Limited, the Investment Adviser to SUPR said: “These acquisitions are strong additions to Supermarket Income REIT’s growing portfolio of omnichannel stores and in combination are accretive to both the weighted average unexpired lease term and net initial yield of the Company’s portfolio. In addition, the Asda acquisition provides further tenant diversification for the portfolio. ”
To read more, please see here
