Supermarket Income REIT PLC Agreed rent review (4732X)
April 30 2019 - 1:00AM
UK Regulatory
TIDMSUPR
RNS Number : 4732X
Supermarket Income REIT PLC
30 April 2019
SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537
Agreed rent review on Tesco extra cumbernauld
Supermarket Income REIT (LSE:SUPR), the UK supermarket real
estate investor, announces that the annual rent review at its Tesco
Extra in Cumbernauld has been concluded, resulting in an RPI
increase of 3.3%. As a result of the review, the rent increased
from GBP2,936,121 to GBP3,032,178 as of March 2019.
Including the review and the recent acquisition of a Tesco Extra
in Mansfield, total passing rent for the Supermarket Income REIT
portfolio is GBP19.2 million.
Ben Green, Director of Atrato Capital, the Investment Adviser to
Supermarket Income REIT, said: "The conclusion of this rent review
further underlines the attractive, RPI-linked 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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END
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