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Announced

Completed

J Sainsbury completed the acquisition of the remaining 49% stake in a portfolio of its supermarkets from Supermarket Income REIT for £431m.

Financials

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Transaction Value£430m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Real Estate Holding and Development

Private

Single Bidder

United Kingdom

Domestic

Friendly

Real Estate

commercial real estate

supermarkets

Majority

Completed

Synopsis

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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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