UK supermarket real estate investor Supermarket Income REIT has invested 拢39.5m (鈧�42.8m) to buy a food store situated on a 7.3-acre site.
The company said it has bought the Tesco supermarket in Bracknell from a client of CBRE Global Investors.
The asset is being acquired with an unexpired lease term of 10 years, Supermarket Income REIT said, adding that the acquisition will be financed via a 拢40m increase of the 拢100m revolving credit facility provided by HSBC.
Ben Green Director of Atrato Capital, the investment adviser to Supermarket Income REIT, said: 鈥淭his omnichannel Tesco supermarket is an excellent addition to our portfolio.
鈥淭he store is situated in a prime location and is an important online grocery fulfilment hub, supporting both home delivery and click and collect.鈥�
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