UK and Netherlands-focused real estate investor Zinc RE, on behalf of private clients, has completed the acquisition of five supermarkets and food-store anchored retail parks for £62.5 million.
The vendor has not been disclosed but is understood bo be private equity giant Lone Star.
The portfolio is underpinned by long-term income from supermarket retailers including Waitrose, Tesco and Aldi.
The portfolio comprises the 45,000-square-foot Waitrose on Mill Lane in Swindon, the 52,977-square-foot Waitrose on London Road in Worcester and a 30,000-square-foot Morrisons supermarket at Frodsham in Cheshire
The retail parks in the portfolio are 35,000-square-foot Vale Retail Park, Aylesford in Kent, comprising an Aldi, Poundstretcher and McDonald's and a 60,000-square-foot retail park in Hinckley in Leicestershire occupied by Tesco, B&M and Pets at Home.
The assets form part of a 57-strong portfolio Lone Star bought as Project Tiger last year from Charles Street Buildings for £600 million last September.
The portfolio comprised 6.3 million square feet of mixed assets mainly in the East Midlands and London with the majority by rent coming from the industrial assets.
There were also retail parks and supermarkets and offices in London and the regions. The portfolio includes the 575,000-square-foot Thurmaston Industrial Estates and 1 million-square-foot Hilltop Industrial Estate in Coalville as well as key offices in London's West End, Leeds and Manchester.
The acquisition was the first investment by Lone Star Real Estate Fund VII, which closed with $2.7 billion of committed equity in September 2024.
DPK Properties and James Andrew International represented Zinc with Savills representing the vendor.