Supermarket Income REIT acquires a Sainsbury’s store in Hessle for £34.0 million

Supermarket Income REIT acquires a Sainsbury’s store in Hessle from Reassure Limited for £34.0 million (c. €41 million) (excluding acquisition costs), reflecting a net initial yield of 5.5%. Originally developed in the early 1980s, Sainsbury’s has a long history of trading from this prominent 13-acre site which was substantially refurbished…