RPMI Railpen, which manages the investments of the UK’s Railways Pension Scheme, has announced the signing of three new supermarkets to its property portfolio.

The two Lidl stores, in North West London and Kent, and an Aldi store in Scunthorpe, encompass 59,000sqft of retail space.

Richard van Lente, senior asset and development manager at Railpen, said: “Both supermarket brands are significant additions to our property portfolio, and will have a positive impact in each of the areas in which they are to open, particularly with regard to local prosperity and job creation.

“The acquirement of these brands is a direct reflection of our core investment themes and broader strategy to diversify our overall offering whilst generating growth across the UK.”

A previous version of this story incorrectly stated that RPMI Railpen had acquired the three supermarkets.

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