Supermarket Income REIT (SUPR) has entered the convenience store sector for the first time after announcing £40.9m of acquisitions which mean it has deployed half of the £200m raised from a joint venture with Blue Owl Capital in April. It has bought 10 Sainsbury’s convenience stores for £15.3m on a net initial yield of 6.1% with 15-year triple-net leases benefiting from five-yearly, CPI-linked rent reviews, subject to a 3% cap and 1% floor. It says it likes the small format grocery space, saying strong trading stores can be acquired at attractive prices while offering the same terms as large stores. The real estate investment trust has also bought an “upper quartile performing” food store in Craigavon, Northern Ireland, for £25.6m on a net initial yield of 6.5%, 15-year lease with five-yearly, CPI-linked rent reviews, subject to a 4% cap and 0% floor, with a highly affordable rent of £12.70 per sq ft. The 8.6-acre site comprises a 130,000 sq ft supermarket and a petrol station.

Saba Capital has lifted its stake in Workspace Group (WKP) to 11.2% from 10%. It first disclosed a 5.2% position in the £293m provider of flexible office space in August. This follows a busy period for the activist hedge fund which disclosed a new 5% holding in RTW Biotech (RTW) last week. In June Workspace reported a disappointing 3.3% fall in net tangible assets (NTA) to 774p a share against which the current 413p price stands on a 48% discount. Last month it said efforts to improve customer retention were starting to bear fruit with 326 lettings completed in the third quarter. It will update the valuation at half-year results on 19 November.

JPMorgan Emerging Markets (JMG) is to change its name to JPMorgan Emerging Markets Growth & Income after shareholders approved increasing the dividend policy to 1% of net asset value each quarter, as proposed in September. This moves the £1.3bn investment trust closer to its £435m stablemate JPMorgan Emerging Markets Income (JEMI) and could be a prelude to their eventual merger.

Fidelity Japan (FJV) shares have been suspended after 99.9% of shareholder votes on Friday backed the proposed merger with AVI Japan Opportunity (AJOT). New AJOT shares issued in the combination will start trading on 28 November.

Agronomics Limited (ANIC), a £78m clean food fund, says EVERY Company, the San Francisco-based egg protein producer that accounts for £5.9m or 4% of its portfolio, raised $55m in a Series D financing round led by McWin Capital Partners through the McWin Food Tech Fund. The funding will support the expansion of EVERY’s manufacturing capacity.

Great Portland Estates (GPE), the £1.4bn central London real estate investment trust, has received planning permission from Camden Council for the refurbishment of Whittington House, a 74,500 sq ft HQ building close to the Tottenham Court Road Elizabeth Line station.