Supermarket Income REIT has agreed to buy a Sainsbury’s supermarket in Cannock, Staffordshire, UK, from a client of CBRE Investment Management for £75.8 mln (€90 mln), excluding acquisition costs, representing a net initial yield of 4.0%.
Supermarket Income REIT has agreed to buy a Sainsbury’s supermarket in Cannock, Staffordshire, UK, from a client of CBRE Investment Management for £75.8 mln (€90 mln), excluding acquisition costs, representing a net initial yield of 4.0%.
Three living funds launched this week, including two senior living investment funds focused on the UK and Germany, as investors continue to see value in alternative investment asset classes driven by strong demographic trends.