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Supermarket Income REIT PLC - London-based real estate investment trust for property leased to grocery retailers - Acquires a portfolio of 20 Carrefour supermarkets in France for €123 million, with a weighted average lease term of 12 years. Says the deal is in line with its plan to deploy capital into ‘accretive pipeline opportunities’. The Carrefour portfolio has been acquired through a direct sale and leaseback transaction. Supermarket Income now has 46 Carrefour stores. Following this transaction, Supermarket Income has redeployed £200 million from its strategic joint venture with funds managed by New York-based Blue Owl Capital Inc. Supermarket Income formed the joint venture with funds managed by Blue Owl Capital in April this year. ‘I am delighted that we have now taken our French exposure to scale through another direct sale and leaseback transaction with Carrefour as we continue to recycle capital into earnings enhancing opportunities that further diversify our portfolio,’ Supermarket Income CEO Rob Abraham says. Current stock price in Johannesburg: R 18.00 12-month change: Listed on JSE in December 2024 Stock price in London: 80.40 pence 12-month change: up 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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