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Agreed rent review

7 Mar 2019 07:00

RNS Number : 0895S
Supermarket Income REIT PLC
07 March 2019
 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

Agreed rent review on Tesco Scunthorpe supermarket

 

Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor announces that the annual rent review at its Tesco Extra in Scunthorpe has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent will increase from £2,881,364 to £2,975,629 in March 2019.

 

Total passing rent from the Supermarket Income REIT portfolio will be £16.6 million once the review has taken effect in March.

 

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of this rent review underlines the attractive, RPI rent reviews 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.

  

 

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