Supermarket Income REIT (SUPR) has acquired an additional 25.5% beneficial interest in the Sainsbury’s Reversion Portfolio (SRP) from its joint venture (JV) partner. It now has a 51% interest with 49% held by Sainsbury’s. SUPR’s positioning in the winding up of the SRP structure is strengthened, its relationship with Sainsbury’s, operator of the stores, is deepened, and it expects to further enhance the return on its SRP investment. Separately, reflecting widespread expectations that yields will ....
19 Jan 2023
Supermarket Income REIT - SUPR takes majority interest in indirect portfolio
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Supermarket Income REIT - SUPR takes majority interest in indirect portfolio
Supermarket Income REIT Plc (SUPR:LON) | 71.9 -0.6 (-1.2%) | Mkt Cap: 896.0m
- Published:
19 Jan 2023 -
Author:
Martyn King -
Pages:
5
Supermarket Income REIT (SUPR) has acquired an additional 25.5% beneficial interest in the Sainsbury’s Reversion Portfolio (SRP) from its joint venture (JV) partner. It now has a 51% interest with 49% held by Sainsbury’s. SUPR’s positioning in the winding up of the SRP structure is strengthened, its relationship with Sainsbury’s, operator of the stores, is deepened, and it expects to further enhance the return on its SRP investment. Separately, reflecting widespread expectations that yields will ....