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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Supermarket Income Reit Plc | LSE:SUPR | London | Ordinary Share | GB00BF345X11 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 0.55% | 72.70 | 72.30 | 72.70 | 73.40 | 72.30 | 73.00 | 2,586,232 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 101.76M | -144.87M | -0.1162 | -6.22 | 901.03M |
TIDMSUPR
RNS Number : 7813M
Supermarket Income REIT PLC
01 August 2017
1 August 2017
Supermarket Income REIT plc ("Supermarket Income REIT" or "the Company")
ACQUISITION OF TESCO EXTRA, THETFORD, FOR GBP43.2 MILLION
Supermarket Income REIT plc, the UK supermarket real estate investor, announces that it has acquired a Tesco Superstore in Thetford, Norfolk, from M&G Real Estate for GBP43.2 million, reflecting a net initial yield of 5.35% or 5.55% after the next agreed RPI-linked rent review in December 2017.
The purchase has been funded out of the equity proceeds of the IPO, with senior debt finance expected to be introduced in the near term.
The store comprises 78,000 sq ft (gross) on a 10.4-acre site with more than 500 parking spaces and a petrol filling forecourt. It is being acquired with an unexpired lease term of approximately 12.5 years, which is subject to annual upward-only, RPI-linked rent reviews with a cap at 4% and a floor at zero.
Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said:
"We are delighted to announce the first asset purchase by Supermarket Income REIT. This is a store with a strong trading record on site which is adjacent to the future Kingsfleet housing development. The investment will deliver attractive and growing income, while its location means that there is excellent asset upside potential over the longer term".
FOR FURTHER INFORMATION, PLEASE CONTACT:
Atrato Capital Limited
Ben Green
Steve Windsor
Steve Noble
+44 20 3790 8087
Stifel Nicolaus Europe Limited
Mark Young
Neil Winward
Tom Yeadon
+44 (0)20 7710 7600
Tavistock
Jeremy Carey
James Whitmore
James Verstringhe
+44 (0)20 7920 3150
NOTES TO EDITORS:
Supermarket Income REIT plc listed on the specialist fund segment of the main market of the London Stock Exchange in July 2017. Its objective is to acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income, from institutional grade tenants of significant size and the potential for capital growth through active asset management opportunities. Atrato Capital is the Company's Investment Adviser.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQBXGDIDDGBGRB
(END) Dow Jones Newswires
August 01, 2017 09:24 ET (13:24 GMT)
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