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Pin to quick picksSupermarket Inc Share News (SUPR)

Share Price Information for Supermarket Inc (SUPR)

London Stock Exchange
Share Price: 105.50
Bid: 105.00
Ask: 106.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.95%)
Open: 105.50
High: 105.50
Low: 105.50
Yest. Close: 105.50
SUPR Live PriceLast checked at -

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Supermarket Income REIT buys Cheltenham Sainsbury's

Fri, 11th Oct 2019 15:53

(Sharecast News) - Supermarket real estate investor Supermarket Income REIT announced the acquisition of a Sainsbury's store in Cheltenham, Gloucestershire, from Legal & General on Friday, for £60.4m excluding acquisition costs, reflecting a net initial yield of 5.25%.
The London-listed specialist fund said the site was originally developed in the 1980s, and extensively refurbished and extended in 2007.

It said Sainsbury's had a "long history" of trading from the "prominent" seven-acre site.

The supermarket comprised 62,000 square feet net sales area with a 12-pump petrol filling station, and more than 390 parking spaces.

Supermarket Income REIT said the store had multiple purpose-built distribution docks, and supported Sainsbury's online grocery fulfilment in the local area.

It was being acquired with an unexpired lease term of 13 years, with five-yearly, upward-only, RPI-linked rent reviews, subject to a cap and floor.

"With strong fundamentals, this Sainsbury's supermarket is an excellent addition to our growing portfolio of omnichannel stores and provides further investment diversification," said Ben Green, director at Supermarket Income REIT's investment advisor, Atrato Capital.

More News

Supermarket Income REIT buys Cheltenham Sainsbury's

(Sharecast News) - Supermarket real estate investor Supermarket Income REIT announced the acquisition of a Sainsbury's store in Cheltenham, Gloucestershire, from Legal & General on Friday, for £60.4m excluding acquisition costs, reflecting a net initial yield of 5.25%.

11 Oct 19 15:53

Supermarket Income REIT Buys Sainsbury's Store From Legal & General

Supermarket Income REIT Buys Sainsbury's Store From Legal & General

11 Oct 19 09:23

Supermarket Income REIT Boosts First Quarter Dividend By 3%

Supermarket Income REIT Boosts First Quarter Dividend By 3%

8 Oct 19 12:22

DIRECTOR DEALINGS: Supermarket Income REIT Non-Executives Buy Shares

DIRECTOR DEALINGS: Supermarket Income REIT Non-Executives Buy Shares

7 Oct 19 16:06

DIRECTOR DEALINGS: Supermarket Income REIT Directors Buy Shares

DIRECTOR DEALINGS: Supermarket Income REIT Directors Buy Shares

7 Oct 19 14:47

Supermarket Income REIT Raises GBP100 Million Through Share Issue

Supermarket Income REIT Raises GBP100 Million Through Share Issue

3 Oct 19 12:29

Supermarket Income Doubles Placing And Offer Size To GBP100 Million

Supermarket Income Doubles Placing And Offer Size To GBP100 Million

2 Oct 19 17:14

Supermarket Income Targets GBP50 Million Fundraise For Property Buys

(Alliance News) - Supermarket Income REIT PLC said Thursday it planned to raise GBP50 million through a discounted placing in order to fund further property acquisitions.The retail-focused

12 Sep 19 12:39

Supermarket Income REIT Raises Dividend Target, Performs Strongly

(Alliance News) - Supermarket Income REIT PLC on Tuesday upped its annual dividend, and increased its target for the next financial year following a strong trading period.For the year to of

3 Sep 19 11:23

Supermarket Income Buys Sainsbury's Supermarket Preston, Agrees Loan

(Alliance News) - Supermarket Income REIT PLC on Tuesday said it has acquired a Sainsbury's supermarket in Preston for GBP54.4 million and arranged a new GBP47.6 million term loan facility a a

27 Aug 19 11:47

Supermarket Income REIT buys Preston Sainsbury's for ?54.4m

(Sharecast News) - Grocery real estate investor Supermarket Income REIT announced the acquisition of the Sainsbury's supermarket in Preston, Lancashire from Legal & General for £54.4m on Tuesday, reflecting a net initial yield of 5.1%.

27 Aug 19 10:34

Supermarket Income REIT Increases Payout For Final Quarter

(Alliance News) - Supermarket Income REIT PLC on Monday declared an interim dividend of 1.419 pence a share for the three months to the end of June.The investment firm's quarterly for a

8 Jul 19 15:15

Supermarket Income REIT Extends Facility Maturity Date To 2021

(Alliance News) - Supermarket Income REIT PLC said on Tuesday it has extended the maturity date on a GBP100 million revolving credit facility with HSBC Holdings PLC.The date has been pushed

25 Jun 19 13:33

Miton Group Lowers Holding In Supermarket Income REIT To Below 5% (ALLISS)

LONDON (Alliance News) - Supermarket Income REIT PLC on Monday said Miton Group PLC reduced its holding in the company following a transaction on Wednesday last week.Asset management firm a

29 Apr 19 18:14

Supermarket Income REIT Buys Tesco Store In Cash And Shares Deal (ALLISS)

LONDON (Alliance News) - Supermarket Income REIT PLC said Wednesday it has acquired a Tesco Extra supermarket in Nottinghamshire for GBP45.0 million from the Charities Property Fund in a Income in

24 Apr 19 10:28

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