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Supermarket Income REIT buys stake in 'one of largest and highest quality' supermarket portfolios

Published: 22:00 28 May 2020 AEST

Supermarket Income REIT PLC's (LON:SUPR) Ben Green speaks to Proactive after announcing they've joined forces with the British Airways pension fund to buy a 25.5% stake in one of the UK’s largest portfolio of J Sainsbury PLC (LON:SBRY) stores. The 50:50 joint venture will pay vendor British Land PLC (LON:BLND) £102mln for the stake in the portfolio, which comprises 26 Sainsbury stores predominately based in London and the south-east.

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on 11/10/19