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Sign in Sign up for a FREE subscriptionSupermarket Income REIT acquires six U.K. properties for €132m
Supermarket Income REIT has acquired six U.K. supermarkets for a total purchase price of £113.1 million (€132 million/$tk million).
Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.
The Tesco in Prescot, Merseyside, is being acquired from an undisclosed vendor for £50.0 million (€58 million/$68 million). Tesco has operated from the store since 1993, which was redeveloped in 2010. The 7.5-acre site comprises an 89,000-square-foot net sales area supermarket, a 12-pump petrol filling station and 496 car parking spaces. The store has a purpose-built online fulfilment center that operates 12 vans, supporting Tesco’s online grocery network across the region.
The Morrisons in Murton, Durham was acquired from Janus Henderson UK Property PAIF for £18.4 million (€21 million/$25 million). The store was developed in 2016. The 7.5-