UK supermarket real estate investor Supermarket Income REIT has invested £39.5m (€42.8m) to buy a food store situated on a 7.3-acre site.

The company said it has bought the Tesco supermarket in Bracknell from a client of CBRE Global Investors.

The asset is being acquired with an unexpired lease term of 10 years, Supermarket Income REIT said, adding that the acquisition will be financed via a £40m increase of the £100m revolving credit facility provided by HSBC.

Ben Green Director of Atrato Capital, the investment adviser to Supermarket Income REIT, said: “This omnichannel Tesco supermarket is an excellent addition to our portfolio.

“The store is situated in a prime location and is an important online grocery fulfilment hub, supporting both home delivery and click and collect.”

To read the digital edition of the latest IPE Real Assets magazine click here. 

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