Investment group acquires three long-standing grocery stores in £98m deal

Supermarket Income Real Estate Investment Trust (SUPR) has strengthened its UK grocery portfolio with the acquisition of three well-established supermarkets for £97.6m.The newly acquired stores – operated by Tesco, Sainsbury’s and Waitrose – have long trading histories and have been secured at an average net initial yield of 5.5%.All three are let on long, inflation-linked, triple-net leases, aligning with SUPR’s strategy of targeting resilient grocery locations with strong covenant strength.The largest acq ...