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... For the full story register now for free or login below...