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Access here alternative investment news about Supermarket Income Reit Expands Portfolio Via £45M Acquisition | News | Ipe Ra
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Supermarket Income Reit Expands Portfolio Via £45M Acquisition | News | Ipe Ra

by realassets.ipe.com posted 4weeks ago 8 views
The Tesco Extra supermarket in Mansfield was acquired from the Charities Property Fund. : Supermarket Income REIT has agreed a £45m (€52m) deal to buy a 90,000sqft supermarket in the East Midlands region of England. The UK supermarket real estate investor said it has acquired the nine-acre Tesco Extra supermarket in Mansfield, Nottinghamshire, from the Charities Property Fund (CPF). Supermarket Income said it will pay £33.7m in cash, funded from the proceeds of the £45m equity placing on 22 March, and the issue to CPF of 10.9m new shares in the company at a price of 103 pence a share.

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