Supermarket Income REIT snaps up Sainsbury's site in West Yorkshire
Portfolio Pulse from
Supermarket Income REIT has acquired a Sainsbury's supermarket in Huddersfield for £49.7 million, with a net initial yield of 7.6%. The site includes a supermarket, petrol station, and online hub, with 11 years left on its lease and RPI-linked rent reviews capped at 4%.
November 18, 2024 | 8:00 am
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NEUTRAL IMPACT
Sainsbury's has sold a supermarket site in Huddersfield to Supermarket Income REIT for £49.7 million, which may impact its asset management strategy.
The sale of the Huddersfield site is part of Sainsbury's asset management strategy. While it provides immediate capital, the long-term impact on operations is neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Supermarket Income REIT has acquired a Sainsbury's site in Huddersfield for £49.7 million, enhancing its portfolio with a 7.6% yield and 11 years remaining on the lease.
The acquisition of a Sainsbury's site adds a stable income-generating asset to Supermarket Income REIT's portfolio, likely boosting investor confidence and potentially increasing the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90