logo-loader

Supermarket Income adds M&S to tenants as it buys six more sites

Published: 08:52 20 Sep 2021 BST

Supermarket Income REIT PLC -
Supermarket Income specialises in omnichannel sites

Supermarket Income REIT PLC (LSE:SUPR) has acquired six supermarkets for a total purchase price of £113.1mln, including Marks & Spencer as a tenant for the first time.

The purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.

Excluding acquisition costs, the sites are being acquired on a combined net initial yield of 4.6% and from several vendors including Land Securities, a Janus Henderson fund, London Metric Property plus others.

Ben Green, director of Atrato Capital the investment adviser to Supermarket Income, said: "These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high-quality omnichannel supermarket assets.

“With an aggregate WAULT [average lease] of 15 years, they support our strategy to deliver attractive long term income."

 

Atrato Capital highlights strong performance and growth opportunities for...

Atrato Capital managing director, Robert Abraham and finance director Michael Perkins visit the Proactive studio to discuss the interim results of Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF), emphasising the sector's strong performance. Abraham said key tenants, Tesco and Sainsbury's,...

5 days, 16 hours ago