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flag Supermarket Income REIT bought three UK supermarkets for £97.6 million, boosting its grocery property portfolio.

flag Supermarket Income REIT has acquired three UK supermarkets—Tesco in Aylesbury, Sainsbury’s in Sale, and Waitrose in Frimley—for £97.6 million, achieving a 5.5% average net initial yield. flag The purchases, financed via existing debt, support the REIT’s strategy to grow its grocery property portfolio. flag Meanwhile, Roadside Real Estate agreed to buy Gardner Retail for up to £17.8 million, securing six premium petrol station forecourts in Southwest England. flag BP sold a majority stake in its US lubricants business, Castrol, to Stonepeak for about $10 billion, part of its plan to complete $20 billion in divestments by 2027. flag US markets closed higher, while the FTSE 100 was expected to open slightly lower on a quiet pre-Christmas day.

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