Investor cashes in on booming grocery sector during pandemic year
Supermarket Income REIT has increased its interest in the Sainsbury’s Reversion portfolio
Investor picks up supermarket and neighbouring Homebase at 6.6% yield
37,000 sq ft supermarket and adjoining units in Wisbech acquired from Aberdeen Standard Investments
Supermarket Income REIT has acquired a Sainsbury’s supermarket in Newcastle upon Tyne
REIT scaled up issue size after noting an “increase in further appropriate investment opportunities”
Company now has more acquisitions in its sights
Telford site purchased for £14.3m
REIT has acquired a Tesco store in Suffolk for £61m and has also secured a new £60m loan facility
Stores are key to online fulfilment network
REIT secures almost £140m in an oversubscribed share sale to help it buy new sites
Rent from the portfolio now totals £28.4m