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Supermarket Income REIT PLC - London-based real estate investment trust for property leased to grocery retailers - Says its joint venture has acquired 10 omni-channel Asda supermarkets in a sale and leaseback transaction for £196 million. Back in April, Supermarket Income REIT formed a joint venture with funds managed by Blue Owl Capital. The handpicked portfolio of Asda stores generates significant sales volumes from within ‘highly desirable catchment areas’, the trust says. Supermarket Income REIT also says it has agreed terms for the transfer of five of its existing assets into the joint venture at a value of £232 million, subject to due diligence. The transfer of these assets to the joint venture is expected to occur by December 31. It says the Asda deal and asset transfer are in line with its strategy to deploy capital into highly attractive and accretive opportunities that have significant strategic benefits. Current stock price in Johannesburg: R 17.85, down 0.2% on Thursday late morning 12-month change: up 11% since JSE listing in December 2024 Stock price in London: 78.70 pence, up 1.2% on Thursday morning 12-month change: up 15% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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