In QuotedData’s morning briefing 7 January 2022:
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Supermarket Income REIT (SUPR) has announced that Sainsbury’s has exercised its purchase option to acquire eight stores within a 26-asset portfolio owned in partnership by SUPR, British Airways Pension Trustees Limited and Sainsbury’s. Sainsbury’s acquisition of the eight stores will be completed in July 2023 upon expiry of the current occupational leases. The purchase price under the option is to be determined based on the assumption of a new 20-year lease to Sainsbury’s with the initial rent set at the higher of passing or open market, subject to upward-only, five yearly market rent reviews. The exercise of this option is in addition to the first option exercised by Sainsbury’s on 10 September 2021 to acquire 13 stores within the portfolio, which will be completed in March 2023. In total, Sainsbury’s has now exercised its option to acquire 21 of the 26 stores in the portfolio.
We have Schroder British Opportunities announcement that one of its private investments, Waterlogic, is to combine with Culligan International, as well as Staude Capital’s Global Value Fund’s open letter to Third Point Investors Limited.