A REAL estate investment trust has acquired a Basingstoke retail park as part of an almost £83million deal.

Supermarket Income REIT plc (SUPR) has purchased two supermarket sites in the UK for £82.9 million, including Chineham Shopping Centre.

The site in Basingstoke consists of a Tesco superstore, an M&S Food, and an Iceland. The second in Doncaster consists of an Asda supermarket.

The 18.7-acre Basingstoke site has been acquired from Tellon Capital and comprises the 60,938 square feet Tesco superstore with a 16-pump petrol filling station and 878 parking spaces.

The company has also acquired the M&S Foodhall, Iceland and other non-food retail tenants. The Tesco store has a remaining lease term of 12 years and is subject to five-yearly open market rent reviews.

The company's investment adviser, Ben Green, said: "These acquisitions further strengthen and complement SUPR's portfolio. Chineham Park (Chineham Shopping Centre) was a rare opportunity to acquire a Tesco, an M&S Foodhall and an Iceland in a single transaction. The Asda acquisition represents the longest duration asset in the portfolio with a very long 100-year lease."

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