Tesco Extra at Newmarket (Photo: Supermarket Income REIT)Tesco Extra at Newmarket (Photo: Supermarket Income REIT)

Supermarket Income REIT has announced the acquisition of the Tesco Extra outlet in Newmarket, Suffolk for GBP61 million (USD78 million).

The property is being acquired from Standard Life Pooled Pension Property Fund.

Supermarket Income REIT is a UK-listed real estate investment trust dedicated to investing in grocery properties.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.