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Supermarket Income REIT acquires Sainsbury's supermarket in Newcastle upon Tyne

Supermarket Income REIT has acquired a Sainsbury’s supermarket (and adjoining commercial premises) in Heaton, Newcastle upon Tyne, from the National Farmers Union for £53.1 million (excluding acquisition costs), reflecting a combined net initial yield of 4.1 per cent.

Sainsbury’s has a long hist...

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