React News - Kimmre advise PIMCO on acquisition of Morrisons Supermarket Portfolio

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Kimmre have advised PIMCO on the acquisition of a portfolio of 4 Morrisons Supermarkets from M&G for a price of £110m.

Pimco has emerged as a surprise buyer for a portfolio of Morrisons supermarkets for around £115m, React News can reveal. The platform, which was sold by the M&G Secured Property Income Fund, comprises four assets. The deal for the portfolio, initially marketed by Savills off a guide price of £135m, is believed to have closed last week. (React News Extract).

Kimmre advised and secured the portfolio on behalf of PIMCO, and the transaction closed in early February 2023.

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