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Supermarket Income REIT is an Investment Trust

To provide its shareholders with an attractive level of income together with the potential for capital growth by investing in a diversified portfolio of supermarket real estate assets in the UK.

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Agreed rent reviews

5 Nov 2018 11:56

RNS Number : 3636G
Supermarket Income REIT PLC
05 November 2018
 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

AGREED RENT increases: TESCO THETFORD SUPERMARKET AND SAINSBURY'S ASHFORD SUPERMARKET

 

Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that the annual rent reviews at its Sainsbury's supermarket in Ashford and its Tesco supermarket in Thetford have been concluded.

 

As a result of the reviews, the rent on the Sainsbury's supermarket in Ashford will increase from £3,820,092 to £3,934,694 as of September 2018, resulting in an RPI increase capped at 3%, and the rent on the Tesco superstore in Thetford will increase from £2,558,300 to £2,643,043 as of December 2018, resulting in an RPI increase of 3.3%.

 

After the review, the annualised rental income of the portfolio will be £16.5 million.

 

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of these reviews underlines the attractive RPI-linked rental uplifts that are a feature of all our leases".

 

For further information, please contact:

 

Atrato Capital Limited  +44 (0)20 3790 8087

Ben Green

Steve Windsor

Steve Noble

 

Stifel Nicolaus Europe Limited  +44 (0)20 7710 7600

Mark Young

Neil Winward

Tom Yeadon

 

Tavistock  +44 (0)20 7920 3150

Jeremy Carey

James Whitmore

James Verstringhe

 

NOTES TO EDITORS:

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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