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
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Tavistock +44 (0)20 7920 3150
NOTES TO EDITORS:
Supermarket Income REIT plc is listed on the London Stock Exchange. SUPRacquires 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.
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