Grocery Retail
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OnlineAlpha acquires Sainsbury's supermarket for £34m
Alpha Real Capital has acquired a Sainsbury’s store in Sudbury for £34m, reflecting a 4.7% net income yield.
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Online
Tesco to regain full ownership of £666m portfolio
Tesco is set to complete a deal that will bring a portfolio of 15 stores and two distribution centres worth £666m back into full ownership.
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News
Majestic to close shops and rebrand
Wine retailer Majestic will close some of its 200 stores as part of a move to rebrand as Naked Wines.
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Online
Supermarket income REIT raises £45m from share issuance
Supermarket Income REIT has raised £45m from its share issuance, surpassing its target of £40m.
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Online
Sainsbury's and Asda make 150-supermarket disposal offer
Sainsbury’s and Asda have offered to offload up to 150 supermarkets in order to address concerns raised about their merger by the Competition and Markets Authority (CMA).
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Online
Supermarket Income REIT increases share issuance target by 60%
Supermarket income REIT is increasing the target size of its upcoming share placing by 60%, from £25m to £40m, following a “strong level of support” from investors.
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Online
M&S and Ocado set to sign deal
Marks Spencer and Ocado are set to sign a £900m deal giving M S a food delivery service for the first time.
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News
Ocado starts search for new warehouse after Andover fire
Ocado has launched a requirement for a new distribution centre following the fire at its Andover scheme on Tuesday, Property Week can reveal.
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Online
Supermarket Income REIT’s portfolio grows to £320.6m
Supermarket Income REIT’s portfolio has grown to £320.6m thanks to continued capital growth and the acquisition of a store in Sheffield last year.
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News
Lidl pre-lets store at £60m Nottingham development
Discount grocer Lidl has pre-let a food store at a former Sainsbury’s-owned site in Nottingham where developer Simons Developments plans a £60m mixed-use scheme.
