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| Name | Symbol | Market | Type |
|---|---|---|---|
| Tesco PLC (PK) | USOTC:TSCDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.105 | 0.84% | 12.565 | 12.54 | 12.59 | 12.58 | 12.50 | 12.50 | 28,157 | 15:40:16 |
From Jul 2019 to Jul 2024
By Oliver Griffin
Supermarket Income REIT PLC (SUPR.LN) on Wednesday acquired a Tesco Extra supermarket in Cumbernauld, Scotland, from Legal and General for 50 million pounds ($66.9 million).
The company said that the acquisition deal reflected an initial net yield of 5.5% after the next agreed retail price index-linked rent review next March.
The 9.5 acre site comprises a 117,000 square foot Tesco Extra store, approximately 570 parking spaces, and a 12-pump filling station.
Supermarket Income REIT said that site has been acquired with an unexpired lease term of 23 years with annual, upward-only, RPI-linked rent reviews on full repairing and insuring items.
The acquisition was funded by a GBP20 million equity raising that took place on Nov. 17, and from the company's revolving credit facility.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
December 20, 2017 04:30 ET (09:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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