We are delighted to announce our first acquisition in Northern Ireland, a Sainsbury’s supermarket in Bangor, County Down.
This prominent 10-acre site comprises a modern 44,000 sq ft net sales area supermarket with 650 parking spaces and an 8-pump petrol filling station. The supermarket has been acquired with an unexpired lease term of 15 years.
Ben Green Director of Atrato Capital, Investment Adviser to Supermarket Income REIT said:
“This Sainsbury’s store, which has strong trading fundamentals and attractive lease terms, is a welcome addition to Supermarket Income REIT’s portfolio. This income accretive acquisition is our first in Northern Ireland, adding further geographical diversification to our growing portfolio of UK supermarkets.”
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