Further to our announcement this morning, we are pleased to welcome another top-quality supermarket to the portfolio. Tesco in Sheffield has been acquired for £73.2m, representing a net initial yield of 4.5%.
“This latest acquisition further strengthens Supermarket Income REIT’s portfolio of omnichannel supermarkets, which represent the future model for grocery in the UK. The store has attractive underlying fundamentals and a lease that is both index-linked and accretive to the portfolio in respect of its unexpired lease term.”
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