Property investor buys 6 sites in £ 113million supermarket
Supermarket Income property investor Reit has bought six sites, used by some of the UK’s largest grocers, for a combined price of £ 113million.
The company, which leases properties to businesses in the supermarket sector, said the sites, which include shops, parking lots and, in some cases, gas stations, have been acquired from different vendors.
They include: a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall in Liverpool.
Supermarket chains have seen sales jump during the pandemic, and a number of investors believe the properties used by companies in the sector will generate stable, long-term rental income.
Ben Green, Director of Atrato Capital, the investment advisor of Supermarket Income Reit, said: “These acquisitions offer geographic and tenant diversification.
Other purchases that Supermarket Income Reit accepted in 2021 include a Tesco supermarket site in Colchester, Essex, under a £ 63million deal.
Earlier this month, the company signed a deal with Sainsbury’s and pointed to “proof of the strength of demand for groceries in the UK”.
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