Purchase price 75.3 mln eur (Il Sole 24 Ore Radiocor) - London, 29 Apr - Supermarket Income REIT announced the acquisition of a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction, for a total purchase price of 75.3 million euros, excluding acquisition costs, reflecting a net initial yield of 6.3%.

The portfolio comprises 17 strong performing omnichannel supermarkets, which are geographically diversified, with a weighting towards northern France, and operated under the Carrefour Market brand. The stores have an average gross internal area of about 40,000 square feet.

The portfolio has been acquired with a weighted average lease term of 12 years with annual uncapped inflation-linked rent reviews.

To fund the acquisition, Supermarket Income REIT has drawn 81.7 million euros from its existing HSBC revolving credit facility having also increased the total size of the facility by 25 million.

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(RADIOCOR) 29-04-24 19:41:51 (0651) 5 NNNN