Announced
Completed
Financials
Tags
Domestic
United Kingdom
Food Retailers and Wholesalers
Private
supermarket
Friendly
Majority
Completed
Acquisition
Single Bidder
Joint Venture
Private Equity
Synopsis
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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