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

back to news

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.

More news

React News - Gatwick Travelodge Sale takes off

Kimmre instructed to sell the Travelodge Hotel in Gatwick for £48m. The hotel benefits from a 27 year unexpired lease and uncapped RPI reviews.

Read More
Costar News - Railpen on Board for £98 Million Sainsbury's Distribution Hub

Kimmre advise OLIM on the sale of the Sainsburys NDC in Tamworth for £98.35m reflecting a sub 3% yield

Read More
React News - Kimmre advise M&G on structuring of Income Strip of Alton Towers and Thorpe Park

Kimmre have advised M&G on the structuring of an Income Strip of Alton Towers and Thorpe Park Theme Parks for a price of £257m.

Read More