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.”
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