Net-lease focused real estate investment trust (REIT) WP Carey acquired two UK supermarket assets for £51m (€59m).
The NYSE-listed REIT said it has acquired two supermarkets and their associated petrol stations in Loughborough and Ilkeston, both of which are triple-net leased to the supermarket chain Morrisons.
The latest deal builds on WP Carey’s ongoing relationship with Morrisons, following two prior acquisitions – the first, announced in January 2024, and the second completed in December 2024.
Christopher Mertlitz, head of European investments at WP Carey, said: “We are pleased to build on our relationship with Morrisons, acquiring another set of high-quality grocery assets.
“This investment aligns with our core strategy of acquiring essential, well-located real estate backed by market-leading tenants, and it underlines our confidence in the strength and growth potential of the UK grocery sector.”
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