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

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 PLC (LON:BLND) £102mln for the stake in the portfolio, which comprises 26 Sainsbury stores predominately based in London and the south-east.

Quick facts: Supermarket Income REIT PLC

Price: 110 GBX

LSE:SUPR
Market: LSE
Market Cap: £520.98 m
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Supermarket Income REIT pleased with latest acquisition of Tesco Extra store...

Supermarket Income REIT PLC's (LON:SUPR) Steve Windsor speaks to Proactive's Andrew Scott following the news it's acquired a Tesco Extra store in Newmarket, Suffolk for £61mln. The site comprises a 68,000 square foot net sales area with a 12-pump petrol filling station, 654 parking spaces and...

2 weeks, 4 days ago

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