StockMarketWire.com - Retail property investor Supermarket Income REIT said it had acquired a Tesco Extra and an Aldi supermarket, both in Beaumont Leys, Leicester, from British Land for a combined £63.4 million.

The Tesco store was originally developed in the 1980's and subsequently extended and refurbished in 2007 to a 97,000 square feet net sales area Tesco Extra.

The Aldi supermarket was opening this year and extended to 14,800 square feet of net sales area.

Supermarket Income REIT said a parade of units adjoined the two properties, predominantly occupied by Costa, Greggs, WH Smiths and Pets at Home.

The total acquisition cost reflected a combined net initial yield of 6.4%.




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