We are delighted to announce the purchase of the Sainsbury’s superstore in Newcastle. The property has been acquired for £53.1M and marks our first acquisition since the oversubscribed £200m equity raise earlier this month.
This Sainsbury’s is well-positioned to complement our existing portfolio:
21-year unexpired lease term
98,000 sq.ft Gross internal area
68,000 sq.ft Net sales area
5-Yearly, RPI linked rent reviews
Purpose-built online fulfillment facility
Ben Green, Director at Atrato Capital, said: "This omnichannel Sainsbury's store is an excellent addition to our growing portfolio. The property has strong underlying fundamentals with an attractive inflation-linked lease in excess of 20 years and provides asset management opportunities."
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