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

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 Cheltenham from Legal & General for £60.4mln, which equates to a net initial yield of 5.25%.

It comes after the REIT expanded its planned fundraising to £100mln amid strong support during a marketing roadshow.

Quick facts: Supermarket Income Reit PLC

Price: 105.5 GBX

LSE:SUPR
Market: LSE
Market Cap: £356.46 m
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