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Supermarket Income REIT snaps up Market Harborough's Waitrose store

The supermarket is located in the town centre and comprises an 18,000 square feet net sales area supermarket with more than 180 car parking spaces

Supermarket Income REIT PLC -

Supermarket Income REIT PLC (LON:SUPR) has acquired a Waitrose supermarket in Market Harborough, Leicestershire for £9.1mln.

The property has been bought from Alpha Real Estate at a price that represents a net initial yield of 4.3%.

It is being acquired with an unexpired lease term of 19 years (with a break option at year 14), with five-yearly rent reviews subject to 2% fixed, annually compounded uplifts.

"This store has strong omnichannel trading fundamentals and is situated in a prominent location within a highly affluent town,2 said

Ben Green, a director of Atrato Capital, which is the investment adviser to Supermarket Income REIT.

Shares in the real estate investment trust were up 0.5% at 106.5p.

Quick facts: Supermarket Income REIT PLC

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Price: 119.999 GBX

Market Cap: £973.22 m

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Supermarket Income REIT snap up six new acquisitions

Supermarket Income REIT PLC (LSE:SUPR)'s (LSE:SUPR) has acquired six supermarkets for a total purchase price of £113.1mln, including Marks & Spencer as a tenant for the first time. Steven Noble from Atrato Capital explains the rationale behind the purchases which consist of a Tesco in...

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