KCR Residential REIT plc (AIM:KCR) acquired two new-build supermarket properties in Leighton Buzzard and West Drayton from Inland Homes PLC (AIM:INL) for £2.6 million on July 2, 2018. As reported, the total consideration of £2.56 million includes £1.32 million of Metro Bank debt. The consideration will be settled in shares and or cash in such combination to be determined by July 31, 2018. In a related transaction, KCR Residential REIT plc also acquired Block B, Chapel Riverside from Inland Homes PLC for £5.8 million on July 2, 2018. The acquired portfolio generates an annual income of £0.13 million. The proceeds from the sale will be reinvested across Inland Homes' exciting programme of both regeneration and residential development activity. Steve Douglas of Arden Partners plc (AIM:ARDN) acted as financial advisor to KCR Residential REIT.

KCR Residential REIT plc (AIM:KCR) completed the acquisition of two new-build supermarket properties in Leighton Buzzard and West Drayton from Inland Homes PLC (AIM:INL) on July 2, 2018.