A real estate investment giant has acquired six supermarket sites, including five across the North West, in a £113.1m deal.
Supermarket Income REIT, which is listed on the London Stock Exchange, has acquired a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool from different sellers.
The Tesco in Prescot, Merseyside, is being acquired from an undisclosed vendor for £50m.
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Tesco has operated from the store since 1993, which was redeveloped in 2010. The 7.5-acre site comprises an 89,000 sq ft net sales area supermarket, a 12-pump petrol filling station and 496 car parking spaces.
The Morrisons in Murton, Durham was acquired from Janus Henderson UK Property PAIF for £18.4m.
The store was developed in 2016 and the 7.5-acre site comprises a 50,000 sq ft net sales area supermarket, a 16-pump petrol filling station and 475 car parking spaces.
The Morrisons in Workington, Cumbria was acquired from Land Securities Group plc for £28.9m.
Morrisons has operated from the store since 2004, which was fully refurbished in 2019. The 13.7-acre site comprises a 35,000 sq ft net sales area supermarket, an eight-pump petrol filling station and 605 car parking spaces. The acquisition includes 5 adjoining non-food units.
The Aldi in Oldham, Greater Manchester, was acquired from O.P.P Investments Ltd for £5.6m.
The one-acre site comprises a 13,000 sq ft net sales area supermarket, which was developed in 2011 and 108 car parking spaces.
The Aldi and M&S Foodhall in West Derby, Liverpool, was acquired from London Metric Property plc for £10.2m.
Developed in 2016, the 1.7-acre site comprises a combined 23,000 sq ft net sales area with 120 car parking spaces.
Ben Green, director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said: "These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high quality omnichannel supermarket assets.
"With an aggregate WAULT of 15 years, they support our strategy to deliver attractive long term income."
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