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.

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