REG - Supermarket Inc REIT - Agreed rent reviews

Supermarket Income REITAnnouncement

04/12/2019 08:00

RNS Number : 5566V
Supermarket Income REIT PLC
04 December 2019
 


SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537  
Agreed rent reviewS on Tesco thetford AND SAINSBURY'S ASHFORD SUPERMARKETS
 
Supermarket Income REIT (LSE: SUPR), the supermarket real estate investor, announces that annual rent reviews at two of its stores have been determined.
 
The review at the Sainsbury's supermarket in Ashford, Kent, has resulted in an RPI increase of 2.6% from September 2019. The rent has increased from £3.93 million to £4.04 million.
 
The review at the Tesco superstore in Thetford, Norfolk has resulted in an RPI increase of 3.0% from December 2019. The rent has increased from £2.64 million to £2.72 million per annum.
 
Total rent from the Supermarket Income REIT portfolio has increased to £26.0 million following these reviews.
 
Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of these reviews 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
Matthew Blawat
 
Tavistock                                                          +44 (0)20 7920 3150
Jeremy Carey
James Whitmore
 
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in supermarket property forming a key part of the future model of UK grocery. We provide investors with long-dated, secure, inflation-linked income with capital appreciation potential over the longer term. Atrato Capital is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
 

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