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Supermarket Income REIT bought three UK supermarkets for £97.6 million, boosting its grocery property portfolio.
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.
The purchases, financed via existing debt, support the REIT’s strategy to grow its grocery property portfolio.
Meanwhile, Roadside Real Estate agreed to buy Gardner Retail for up to £17.8 million, securing six premium petrol station forecourts in Southwest England.
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.
US markets closed higher, while the FTSE 100 was expected to open slightly lower on a quiet pre-Christmas day.
Supermarket Income REIT compró tres supermercados del Reino Unido por 97,6 millones de libras esterlinas, impulsando su cartera de propiedades de comestibles.