Announced
Completed
Financials
Tags
Acquisition
Real Estate Holding and Development
Private
Single Bidder
United Kingdom
Domestic
Friendly
Real Estate
commercial real estate
supermarkets
Majority
Completed
Synopsis
J Sainsbury, the second largest chain of supermarkets in the United Kingdom, completed the acquisition of the remaining 49% stake in a portfolio of its supermarkets from Supermarket Income REIT, a property company, for £431m. "We are pleased to have reached a positive outcome to conclude our joint venture and look forward to continuing to work with Supermarket Income REIT in the future," Patrick Dunne, Sainsbury's Director of Group Property, FM & Procurement.
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