Reality Income spends £429m on UK property
The US’s Reality Income is planning a £300m bond sale to part finance its acquisition of 12 properties in the UK linked to grocer J Sainsbury’s.
Reality Income, a real estate investment trust, has agreed to buy the properties for £429m from Sainsbury’s and British Land under long term lease agreements with Sainsbury’s – meaning the REIT will lease the properties to the grocer.
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