Finance

Supermarket Income REIT checks out £84m supermarket deals

By 2022-09-26T06:54:00

Tesco building

Source: Martin Bodman/Wikimedia Commons

Supermarket Income REIT has paid CBRE Investment Management £84m for three grocery assets in Bristol.

The deal, which reflects a net initial yield of 5.6%, comprises a Tesco supermarket, an Iceland Food Warehouse and complementary non-grocery units in the Bradley Stoke area of the South West city.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue