A SUPERMARKET has been sold to an investment firm for £13.3 million.
Waitrose has sold its Eastbourne High Street shop to London-based company Supermarket Investments Real Estate Investment Trust.
The new landlord has leased the building back to the supermarket for 20 years, meaning nothing will change at the shop for customers or staff.
The Eastbourne purchase is one of six Waitrose stores Supermarket Investments has bought nationally.
Ben Green, director of Atrato Capital which advises the investment firm, said it was “very pleased” with the deal.
“All of the stores have an impressive trading record and are complementary to our existing portfolio, providing further tenant and geographic diversification,” he said.
Rent at the Eastbourne store will be reviewed every five years.
“The stores form a key part of Waitrose’s UK online grocery fulfilment network and offer home delivery or click and collect,” Supermarket Investments said.
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