Supermarket Inc REIT - Acquisition of six new assets
11 September 2026
SUPERMARKET INCOME REIT PLC
("SUPR", or the "Company")
ACQUISITION OF SIX NEW ASSETS
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces that it has acquired six high quality grocery assets for £104 million.
Together with the announcement on 15 July 2026 that the Company has exchanged contracts to acquire a portfolio of three supermarkets for £118 million, the proceeds from the £100 million equity raise in July 2026 have now been fully deployed, at an average net initial yield of 6.6%[1] and a weighted average unexpired lease term ("WAULT") of 10 years.
Sainsbury's, Macclesfield
• 74,000 sq. ft. supermarket with a Click & Collect facility and home delivery vans
• Triple-net unexpired lease term of 13 years
• Annual RPI-linked rent reviews (subject to a 4% cap and 2% floor), with rent of £37 per sq. ft.
Morrisons, Leeds
• 80,000 sq. ft. supermarket with a Click & Collect facility and home delivery vans
• Triple-net unexpired lease term of 13 years
• Five-yearly RPI-linked rent reviews (subject to a 4% cap and a 0% floor), with rent of £21 per sq. ft.
M&S anchored retail park, Nottinghamshire
• Fully let 50,000 sq. ft. scheme includes national retailers B&Q, Costa, Greggs and Mountain Warehouse
• Triple-net leases with a weighted average unexpired lease term of five years
• Five-yearly open market rent reviews, with rent of £18 per sq. ft.
Co-op, Birmingham
• 4,000 sq. ft. foodstore with a triple-net unexpired lease term of eight years
• Five-yearly RPI-linked rent reviews (subject to a 4% cap and 1% floor), with rent of £20 per sq. ft.
M&S, Glasgow[2]
• 10,000 sq. ft. scheme anchored by M&S with a triple-net unexpired lease term of six years
• Five-yearly open market rent reviews, with rent of £20 per sq. ft.
Sainsbury's grocery distribution centre, Avonmouth2
• 67,000 sq. ft. distribution centre let to Sainsbury's, with a triple-net unexpired lease term of 14 years
• Five-yearly open market rent reviews, with potential to capture reversion
Rob Abraham, CEO of Supermarket Income REIT, commented:
"These acquisitions add six high-quality grocery assets to our portfolio, marking the completion of the deployment of the proceeds of our £100 million equity raise in July. We are pleased to have delivered this compelling pipeline of acquisitions within two months. Importantly, these acquisitions represent further progress in our strategy to diversify the portfolio, adding grocery distribution and additional exposure to grocery-anchored retail, to our core UK foodstores, which span larger, omnichannel supermarkets through to convenience."
FOR FURTHER INFORMATION
Supermarket Income REIT
Rob Abraham / Mike Perkins / Chris McMahon
Headland Consultancy
+44 (0)20 3805 4885
Susanna Voyle / Jack Gault / Dan Mahoney
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe. The portfolio was valued at £2.1 billion as at 31 December 2025.
The Company's properties earn long-dated, secure, inflation-linked, growing rental income. SUPR targets a progressive dividend and the potential for long term capital growth.
The Company's shares are traded on the LSE's Main Market and on the Main Board of the JSE Limited in South Africa.
Further information is available on the Company's website www.supermarketincomereit.com
LEI: 2138007FOINJKAM7L537
[1] Based on respective transaction costs
[2] Assets for which the Company has exchanged contacts to acquire
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDACQEANNEFFNKEFA
