Supermarket Income REIT PLC Agreed rent reviews (3636G)
05 November 2018 - 10:56PM
UK Regulatory
TIDMSUPR
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 GBP3,820,092 to
GBP3,934,694 as of September 2018, resulting in an RPI increase
capped at 3%, and the rent on the Tesco superstore in Thetford will
increase from GBP2,558,300 to GBP2,643,043 as of December 2018,
resulting in an RPI increase of 3.3%.
After the review, the annualised rental income of the portfolio
will be GBP16.5 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.
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END
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