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...
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