Aprirose and Aurora Real Estate have acquired the Sainsbury’s supermarket in West Ealing, London for £22.47m.
The 57,510 sq ft asset comprises office, storage and retail capabilities and a 130-space car park, fully let to Sainsbury’s.
The investment has been made in partnership with Stars Investments, a Chilean investment company that manages financial, private equity and real estate investments.
Gary Jones, chief operating officer at Aprirose, said: “West Ealing Sainsbury’s represents a great investment. Ealing is an upwardly mobile destination, which is set to benefit from the opening of a new Crossrail station at West Ealing next year. Furthermore, Sainsbury’s is a brand which we are pleased to welcome to our diverse £1.2bn real estate portfolio. We continue to look for the best investments for our investors and act nimbly to execute them.”
Meenal Devani, managing director at Aurora Real Estate, added: “Sainsbury’s West Ealing fits well with our strategy of acquiring assets underpinned by strong income, with development potential and located in areas of Greater London that are being transformed by infrastructure changes.”
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