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Supermarket Income acquires Sainsbury’s and Tesco supermarkets for £73M

Supermarket Income REIT plchas acquired a Sainsbury’s supermarket in Swansea, South Wales, and a Tesco supermarket in Maidstone, Kent, from Argo Real Estate Limited for a total purchase price of £73.0 million (excluding acquisition costs), reflecting a combined net initial yield of 4.6%.

The Sains...