CBRE Global Investors, the global real estate investment firm, has completed the acquisition of five supermarkets across the UK for a total purchase price of more than £62 mln (EUR 77 mln).
CBRE Global Investors, the global real estate investment firm, has completed the acquisition of five supermarkets across the UK for a total purchase price of more than £62 mln (EUR 77 mln).
The acquisitions involve two supermarkets, Waitrose and Sainsbury’s in Frimley and Chadwell Heath respectively, for a total sum of £29 mln. The other supermarkets are located in East Grinstead, Leeds, and West Wickham.
'These five acquisitions, offering secure income streams of more than 15 years and with sustainable and above-market yields, reflect CBRE Global Investors’ ability to source and acquire assets that fit exactly with the requirement of our clients,' said Michael Ness, head of Separate Accounts. 'We believe supermarkets offer good investment opportunities for our clients and these purchases reflect that.'
