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Announced

Completed

Supermarket Income REIT completed the acquisition of a 25.5% stake in Sainsbury's properties from Aviva Investors for $159m.

Financials

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Transaction Value£115m
Consideration TypeCash
Capital Owned26%
Capital Bid For26%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United Kingdom

Food Retailers and Wholesalers

Private

supermarket

Friendly

Majority

Completed

Acquisition

Single Bidder

Joint Venture

Private Equity

Synopsis

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Supermarket Income REIT, a grocery property investment trust, completed the acquisition of a 25.5% stake in Sainsbury's portfolios of supermarket properties from Aviva Investors, an asset management company, for $159m. "This acquisition increases the size of our investment in this high-quality Sainsbury's property portfolio through our joint venture with British Airways Pension Trustees Limited. We will work closely with our tenant and co-owner, Sainsbury's, to deliver a long term occupational solution for them,” Nick Hewson, Supermarket Income REIT Chairman.

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