Supermarket site sold in £45m deal
Supermarket Income REIT, the UK supermarket real estate investor, has bought a Tesco Extra supermarket in Mansfield, Nottinghamshire, from the Charities Property Fund (CPF) in a £45m deal.
Developed in 2007, the nine-acre site includes 90,000 sq ft Tesco Extra, approximately 530 parking spaces and a 12-pump petrol filling station.
The consideration for the acquisition includes £33.7m in cash, funded from the proceeds of the £45m equity placing on 22 March.
Ben Green, director of Atrato Capital, the Investment Adviser to Su... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...