Deal Snapshot
Supermarket Income REIT Ups Stake in UK Portfolio
Friday 19 February 2021

UK-based real estate investment trust Supermarket Income REIT plc (LSE: SUPR) has acquired a further stake in the beneficial interest in one of the UK's largest portfolios of supermarket properties from an Aviva Investors managed fund, the company said.

The 25.5% beneficial interest has been acquired through the company's existing 50: 50 joint venture with British Airways Pension Trustees Ltd. The purchase price is GBP 115m (USD 160.36m) meaning that the company's contribution to the JV to fund the acquisition is GBP 57.5m (excluding acquisition costs).

Date Published: 19/02/2021