LONDON—An affiliate of Harbor Group International, LLC has acquired two prime London retail properties for about $13.6 million (£8.09M), the Virginia-based firm says.

Both properties are net leased to Sainsbury's Supermarket Limited, the second largest chain of supermarkets in the United Kingdom with a share of the UK supermarket sector of 16.8%.

“Harbor Group International continues to pursue real estate investment opportunities abroad, particularly in the UK,” said Richard Litton, president of Harbor Group Internations (HGI). “We have a track record of success overseas and true international reach. The acquisitions also reflect HGI's ongoing strategy to acquire street level, urban retail properties in major markets such as London, New York City and Washington, D.C., which we believe will provide significant long term value to our investors. HGI's current investment portfolio includes urban retail properties in these three markets.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.