Supermarket Income REIT acquires £60m asset from L&G

Supermarket Income REIT has invested £60.4m (€68.6m) to acquire an asset in the south-west of England.

The UK supermarket real estate investor said it has bought the 62,000sqft Sainsbury’s supermarket in Cheltenham from Legal & General.

The supermarket has a 12-pump petrol filling station and more than 390 parking spaces.

The asset was originally developed in the 1980s, and the store was extensively refurbished and extended in 2007.

Ben Green, director of Atrato Capital, the investment advisor to Supermarket Income REIT, said: “With strong fundamentals, this Sainsbury’s supermarket is an excellent addition to our growing portfolio of omnichannel stores and provides further investment diversification.”

Related images

  • Sainsbury's

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2572

    Asset class: High Yield Bonds.
    Asset region: Global.
    Size: $200m.
    Closing date: 2019-11-27.

  • QN-2573

    Asset class: Real Estate.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-06.

Begin Your Search Now