WP Carey has invested £23m (€26.8m) in a UK supermarket property leased to supermarket chain Morrisons.
The NYSE-listed net lease real estate investment trust (REIT) said it has acquired the supermarket and its associated petrol station in Doncaster in England.
With the latest deal, WP Carey reinforces its presence in the UK, where it has invested around €1.2bn since 1999.
Karolis Adlis, executive director of European investments at WP Carey, said: “We’re delighted to kick off the new year by adding another high-quality facility to our portfolio, and one that is leased to one of the UK’s largest supermarket brands.
“The UK grocery retail space has demonstrated strong resilience, continuing to grow amidst the wider challenges presented within the current economic environment. We look forward to working with Morrisons, supporting the business’ evolving needs over the coming years.”
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