logo-loader
viewSupermarket Income REIT PLC

Supermarket Income REIT in talks to buy stake in 26 Sainsbury's stores

Supermarket Income currently has a portfolio of nine supermarkets, three of which are let to Sainsbury’s

Supermarket Income REIT plc - Supermarket Income REIT in talks to buy stake in portfolio of 26 Sainsbury's stores
Supermarket Incomes likes stores that can also fulfil an online role

Supermarket Income REIT plc (LON:SUPR) has confirmed it is in talks with a large institutional investor to acquire a minority stake in a portfolio of 26 supermarkets let to Sainsbury's.

Terms have not been agreed and a deal might not be concluded added the trust.

Supermarket Income currently has a portfolio of nine supermarkets three of which are let to Sainsbury’s, five to Tesco and one to Morrisons.

The value of the nine properties at the half-year point in December was just over £490mln.

Quick facts: Supermarket Income REIT PLC

Price: 108.75 GBX

LSE:SUPR
Market: LSE
Market Cap: £515.06 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Supermarket Income REIT PLC named herein, including the promotion by the Company of Supermarket Income REIT PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Supermarket Income REIT buys stake in 'one of largest and highest quality'...

Supermarket Income REIT PLC's (LON:SUPR) Ben Green speaks to Proactive after announcing they've joined forces with the British Airways pension fund to buy a 25.5% stake in one of the UK’s largest portfolio of J Sainsbury PLC (LON:SBRY) stores. The 50:50 joint venture will pay vendor British Land...

10 hours, 48 minutes ago

2 min read