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Supermarket Income REIT acquires additional stake in JV for £196 million

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Investegate |Supermarket Inc REIT Announcements | Supermarket Inc REIT: Acquisition

  Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a further stake (the Acquisition ) in the beneficial interest in one of the UK s largest portfolios of supermarket properties (the Portfolio ) from an Aviva Investors managed fund. The 25.5% beneficial interest has been acquired through the Company s existing 50:50 joint venture (the JV ) with British Airways Pension Trustees Limited ( BAPTL ). The purchase price is £115.0 million (excluding acquisition costs) meaning that the Company s contribution to the JV to fund the Acquisition is £57.5 million (excluding acquisition costs). The JV acquired its initial 25.5% beneficial interest from British Land Plc in May 2020. Following this second acquisition, the JV s ownership in the Portfolio is 51.0%. The remaining 49.0% beneficial interest is held by Sainsbury s plc.

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