Supermarket Income REIT plc (LON:SUPR) has confirmed it is in talks with a large institutional investor to acquire a minority stake in a portfolio of 26 supermarkets let to Sainsbury's.
Terms have not been agreed and a deal might not be concluded added the trust.
Supermarket Income currently has a portfolio of nine supermarkets three of which are let to Sainsbury’s, five to Tesco and one to Morrisons.
The value of the nine properties at the half-year point in December was just over £490mln.