SUPR’s Sainsbury’s portfolio deal praised by broker

Sainsbury's real estate

SUPR’s latest acquisition of British Airways Pension Trustees’ 25.5% stake in the Sainsbury’s Reversion Portfolio (“SRP”) has been praised by broker Shore Capital Markets in Proactive investors.

“We like the investment proposition with SUPR and believe there are appealing long-term attractions with the scaled ownership of UK grocery assets.”

“We expect that the current retail environment would be supportive of further sale and lease-back activity in more normal markets.”

Capital at Risk.

Read the full commentary here.

Read further coverage of the deal:

IPE Real Assets.

CoStar UK.

Property Week.

Morningstar.

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