Supermarket Income REIT PLC - the London-based real estate investment trust - announces the acquisition of a Tesco Extra as well as an Aldi supermarket in Beaumont Leys, Leicester, from British Land PLC. Adjoining the Tesco Extra and the Aldi supermarket is a parade of units comprising 33,000 square feet net sales area, predominantly occupied by Costa, Greggs, WH Smiths and Pets at Home. The total consideration is GBP63.4 million - excluding acquisition costs - reflecting a combined net initial yield of 6.4%.
Current stock price: 104.78 pence
Year-to-date change: down 4.6%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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British Land (BLND)
Supermarket Income (SUPR)
