Supermarket Income REIT is delighted to welcome Sainsbury’s in Cannock, Staffordshire, to its portfolio. This long-lease asset was acquired for £75.8m, representing a net initial yield of 4.0%.
Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said:
“This Sainsbury’s in Cannock is an excellent addition to our growing portfolio of high-quality omnichannel stores and was funded using proceeds from the recently oversubscribed equity issue. The property has strong trading fundamentals and forms a key part of Sainsbury’s online fulfilment network.”
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