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SUPR Supermarket Income Reit Plc

76.50
-0.10 (-0.13%)
Last Updated: 11:50:42
Delayed by 15 minutes
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
  -0.10 -0.13% 76.50 76.40 76.60 77.00 75.90 76.40 1,189,652 11:50:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 101.76M -144.87M -0.1162 -6.58 953.37M

Supermarket Income REIT PLC Acquisition of Sainsbury's in Cheltenham (5484P)

11/10/2019 7:00am

UK Regulatory


Supermarket Income Reit (LSE:SUPR)
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TIDMSUPR

RNS Number : 5484P

Supermarket Income REIT PLC

11 October 2019

Supermarket Income REIT

(the "Company")

LEI: 2138007FOINJKAM7L537

ACQUISITION OF A SAINSBURY'S SUPERMARKET IN Cheltenham, Gloucestershire

Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces the acquisition of a Sainsbury's supermarket in Cheltenham, Gloucestershire, from Legal & General for GBP60.4 million (excluding acquisition costs), reflecting a net initial yield of 5.25%.

Originally developed in the 1980s, the store was extensively refurbished and extended in 2007. Sainsbury's has a long history of trading from this prominent seven-acre site.

The supermarket comprises 62,000 square feet net sales area with a 12-pump petrol filling station and more than 390 parking spaces. The store has multiple purpose-built distribution docks and supports Sainsbury's online grocery fulfilment in the local area. It is being acquired with an unexpired lease term of 13 years with five-yearly, upward-only, RPI-linked rent reviews (subject to a cap and floor).

Ben Green, Director of Atrato Capital, the Investment Advisor to Supermarket Income REIT, said:

"With strong fundamentals, this Sainsbury's supermarket is an excellent addition to our growing portfolio of omnichannel stores and provides further investment diversification."

For further information, please contact:

 
 Atrato Capital Limited 
  Ben Green 
  Steve Windsor 
  Steve Noble                      +44 (0)20 3790 8087 
 Stifel Nicolaus Europe Limited 
  Mark Young 
  Neil Winward 
  Tom Yeadon                       +44 (0)20 7710 7600 
 Tavistock 
  Jeremy Carey 
  James Whitmore                   +44 (0)20 7920 3150 
 

NOTES TO EDITORS:

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 11, 2019 02:00 ET (06:00 GMT)

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