Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Supermarket Income Reit, the real estate investment group, has announced the acquisition of six supermarkets for a total purchase price of £113.1m.
Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.
Tesco in Prescot, Merseyside is being acquired from an undisclosed vendor for £50m. The 7.5 acre site comprises an 89,000 sq ft net sales area supermarket, a 12-pump petrol filling station and 496 car parking spaces.
The store has a purpose-built online fulfilment centre which operates 12 vans, supporting Tesco’s online grocery network across the region.
The Morrisons in Murton, Durham was acquired from Janus Henderson UK Property PAIF for £18.4m. The 7.5 acre site comprises a 50,000 sq ft net sales area supermarket, a 16-pump petrol filling station and 475 car parking spaces.
The Morrisons in Workington, Cumbria was acquired from Land Securities Group for £28.9m. The 13.7 acre site comprises a 35,000 sq ft net sales area supermarket, an eight-pump petrol filling station and 605 car parking spaces.
Meanwhile, the Aldi in Oldham, Greater Manchester was acquired from O.P.P Investments Ltd for £5.6m. The 1 acre site comprises a 13,000 sq ft net sales area supermarket, which was developed in 2011 and 108 car parking spaces.
Finally, the Aldi and M&S Foodhall in West Derby, Liverpool was acquired from LondonMetric Property for £10.2m. Developed in 2016, the 1.7 acre site comprises a combined 23,000 sq ft net sales area with 120 car parking spaces.
Ben Green, director of Atrato Capital Limited, the investment adviser to Supermarket Income Reit, said: “These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high quality omnichannel supermarket assets.
“With an aggregate WAULT of 15 years, they support our strategy to deliver attractive long term income.”
