Investore buys another Countdown-anchored property for $37.3

Investore buys another Countdown-anchored property for $37.3m taking its tally to 35 Countdowns


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Philip Littlewood, chief executive of Stride Investment Management, which manages Investore, says Investore has a clear strategy to grow its portfolio of large format retail stores.
Chief executive of Stride Investment Management, which manages Investore, Philip Littlewood, said the $37.3m purchase was a continuation of its growth strategy and its target of large format retail stories.
The supermarkets were sought-after property. They typically had longer leases and offered an essential service therefore lowering risk.
“We’ve had quite a clear strategy to grow the portfolio over the last 12-18 months.” It had acquired three properties from Stride Property mid last year for about $140m.

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