A retail space in Workington has been sold to a real estate investment giant for £28.9 million.

The lot on Derwent Drive, which is currently being used as a Morrisons, has been purchased by property investor Supermarket Income Reit as part of a deal which includes five other retail spaces in the country for a grand total of £113 million.

The supermarket currently in place has operated in the western part of the town since 2004 and was fully refurbished in 2019. The 13.7-acre site comprises of a 35,000 square foot net sales area supermarket, an eight-pump petrol filling station and 605 car parking spaces.

The investors, who lease properties to businesses in the supermarket sector, said the sites, which comprise stores, car parks and in some cases petrol stations, have been acquired from different vendors.

Ben Green, director of Atrato Capital, the investment adviser to Supermarket Income Reit, said: “These acquisitions provide geographic and tenant diversification.”

As well as the purchase of the Workington site, the company, listed on the London Stock Exchange, have also purchased a Tesco in Prescot, another Morrisons in Durham, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool from different sellers.