Atrato Halliwell, is the investment adviser to the 50:50 joint venture between Supermarket Income REIT (“SUPR”) and British Airways Pension Trustees Limited. The joint venture acquired a 25.5% stake in one of the UK's largest portfolios of supermarket properties for £102 million in May 2020. The Portfolio consists of 26 Sainsbury's supermarkets. It is geographically diverse high quality portfolio of stores with a London and south east bias. It was created through two sale and leaseback transactions by Sainsbury’s in 2000.
50:50 JV with British Airways Pension Trustees Limited
JV holds 51% beneficial interest in a high quality Sainsbury’s Reversion Portfolio
Stores are consistent with SUPR’s investment criteria
Accretive returns profile
Access to quality future pipeline assets