(Alliance News) - Supermarket Income REIT PLC on Wednesday said that it has secured increased rent on two supermarkets sites following a review.
The supermarket-focused real estate investor conducted a review on a J Sainsbury PLC's supermarket in Ashford, Kent, leading to a retail price index increase of 2.6% from September onwards. As a result, the rent has increased to GBP4.0 million from GBP3.9 million.
Meanwhile, a review at Tesco PLC superstore in Thetford, Norfolk, led to an RPI increase of 3.0% from December. The rent for the supermarket has now risen to GBP2.7 million from GBP2.6 million.
As a result of the rent reviews, Supermarket Income REIT's total rent from its real estate portfolio has risen to GBP26.0 million.
Shares in Supermarket Income REIT - which is headquartered in London - were up 0.6% at 107.16 pence on Wednesday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Tesco (TSCO)
Supermarket Income (SUPR)
Sainsbury's (SBRY)
