logo-loader
viewSupermarket Income Reit PLC

Agreed rent review

/**/ p{margin-right:0cm;margin-left:0cm;font-size:11.0pt;font-family:"Calibri","sans-serif";} .ab{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 49.65pt 72.0pt;}div.ab{}p.av{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align: center}span.as{color:black}p.aw{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt; text-align: center}span.ar{color:black;text-transform:uppercase}p.ax{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal}span.ao{font-size:12.0pt;font-family:"Times New Roman","serif"; color:black}p.ay{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt}p.az{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:6.0pt;line-height:normal} span.al{font-size: 12.0pt;font-family:"Times New Roman","serif";color:black}span.ak{font-size:12.0pt;font-family:"Times New Roman","serif";color:black}p.ba{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt; text-align: justify}p.bb{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:6.0pt;text-align:justify;line-height: normal}span.ai{font-size:12.0pt;font-family: "Times New Roman","serif";color:black}p.bc{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height:normal}span.ag{font-size:13.5pt;font-family:"Times New Roman","serif";color:black}p.bd{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; text-align: center}p.be{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; margin-bottom: 0cm; text-align: center}p.bf{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal} /**/
RNS Number : 4732X
Supermarket Income REIT PLC
30 April 2019
 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537  

Agreed rent review on Tesco extra cumbernauld

 

Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco Extra in Cumbernauld has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent increased from £2,936,121 to £3,032,178 as of March 2019.

 

Including the review and the recent acquisition of a Tesco Extra in Mansfield, total passing rent for the Supermarket Income REIT portfolio is £19.2 million.

 

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of this rent review further underlines the attractive, RPI-linked rent reviews that are a feature of all our leases".

 

For further information, please contact:

 

Atrato Capital Limited                                  +44 (0)20 3790 8087

Ben Green

Steve Windsor

Steve Noble

 

Stifel Nicolaus Europe Limited                   +44 (0)20 7710 7600

Mark Young

Neil Winward

Tom Yeadon      

 

Tavistock                                                          +44 (0)20 7920 3150

Jeremy Carey

James Whitmore

James Verstringhe         

 

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 [email protected] or visit www.rns.com.
 
END
 
 
MSCPGUBUCUPBGBB

Quick facts: Supermarket Income Reit PLC

Price: 106.5

Market: LSE
Market Cap: £359.83 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Supermarket Income REIT expands fundraise and portfolio with new Sainsbury’s...

Steve Windsor and Steven Noble from Atrato Capital, Supermarket Income Reit PLC's (LON:SUPR) investment adviser, speak to Proactive London's Andrew Scott following the acquisition of its third property where Sainsbury’s is the tenant. The trust has bought the supermarket chain’s store in...

on 18/10/19