Supermarket Income REIT has completed the the sale of its interest in the Sainsbury’s Reversion Portfolio.
The company has therefore received £279.3 million in respect of the first tranche of the total £430.9 million gross consideration (excluding costs), as announced by the Company on 14 March 2023.
The company has used part of these proceeds to repay in full the £202.8 million debt facility provided by JP Morgan Chase Bank secured on the company’s investment in the SRP Portfolio.
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