Supermarket Income REIT property, Waitrose Eastbourne (Photo: Google Maps)

Supermarket Income REIT is acquiring a portfolio of six freehold supermarkets for GBP74.1million (USD92 million).

The portfolio is being acquired via a sale and leaseback transaction with Waitrose & Partners.

The acquisition consideration reflects a net initial yield of 4.4%.

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

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.