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 Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.
He explains how these choices provide geographic and tenant diversification, continuing their strategy to snap up high-quality omnichannel supermarket assets.