Supermarket Income REIT acquires 17 Carrefour supermarkets in France for €75.3m with a 6.3% net initial yield.
Supermarket Income REIT acquires a portfolio of 17 Carrefour supermarkets in France for €75.3m, reflecting a 6.3% net initial yield. The supermarkets, which operate under the Carrefour Market brand, are part of Carrefour's online grocery fulfilment network and have a weighted average lease term of 12 years. The acquisition is funded through a draw of €81.7m from the company's HSBC revolving credit facility.
April 29, 2024
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