Atrato Capital’s Steve Noble, ‘s () investment adviser, speaks to Proactive London about their latest shopping spree, this time a slew of properties on which supermarket giant Sainsbury’s trades.
The 25.5% beneficial interest in one of the UK’s largest portfolios of supermarket properties has been acquired from an Aviva Investors managed fund through Supermarket Income’s 50:50 joint venture with the British Airways Pension Trustees Limited.
The purchase price is £115.0mln (excluding acquisition costs), of which the London-listed real estate investment trust (REIT) will stump up half.
Read More: Supermarket Income REIT sweeps up more Sainsbury’s properties in their shopping