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CBRE GI’s supermarket sweep
CBRE Global Investors yesterday said it has bought five supermarkets across the UK for around £62m. The acquisitions include two Waitrose stores in Frimley and East Grinstead, two Sainsbury’s stores in Chadwell Heath and West Wickham and a Co-op in Leeds. “These five acquisitions offer secure income streams of more than 15 years and with sustainable and above market yields,” the company said in a statement.