In what has been a busy week, we are delighted to announce our JV with British Airways has acquired a further 25.5% beneficial interest in one of the UK’s largest portfolios of supermarket properties for £115 million excluding costs.
The portfolio consists of 26 Sainsbury's supermarkets, with a London and South East bias.
Nick Hewson, Chairman of Supermarket Income REIT, said:
“This acquisition increases the size of our investment in this high-quality Sainsbury’s property portfolio through our joint venture with British Airways Pension Trustees Limited. We will work closely with our tenant and co-owner, Sainsbury’s, to deliver a long term occupational solution for them.”
To read more, please see here