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Singaporeans buy Beckenham Sainsbury's at 5.6%

CBRE Global Investors has sold the Sainsbury’s supermarket in Beckenham, South London for £15.5m, reflecting a net initial yield of 5.6%, to Singapore's Odyssey Partners acting on behalf of a private client.
CoStar News
January 23, 2018 | 3:45 P.M.

The part freehold/part long leasehold investment comprises a supermarket totalling 45,000 sq ft (4,180 sq m) with 277 decked car parking spaces on a 2-acre (0.8 ha) site in Beckenham town centre.

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