Supermarket Income REIT buys Staffordshire Sainsbury's store

Sainsburys

Source: Shutterstock/Michaelabest

Supermarket Income REIT has paid £75.8m for a Sainsbury’s supermarket in Cannock, Staffordshire.

The group bought the site from a client of CBRE Investment Management, and the deal represents a net initial yield of 4%.

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