AGREED RENT REVIEW ON TESCO BRISTOL SUPERMARKET

RNS Number : 3205H

Supermarket Income REIT PLC

12 March 2018

 

SUPERMARKET INCOME REIT PLC

("Supermarket Income REIT" or "the Company")

AGREED RENT REVIEW ON TESCO BRISTOL SUPERMARKET

Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco superstore in Lime Trees Road, Bristol has been concluded, resulting in an RPI increase of 3.9%.  As a result of the review, the rent will increase from £1,474,006 to £1,531,191 as of March 2018.

After the review, the annualised rental income of the portfolio will be £10.8 million.

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of this rent review underlines the attractive, annual RPI rent reviews that are a feature of all of our leases."

For further information, please contact:

Atrato Capital Limited                                    [phone]

Ben Green

Steve Windsor

Steve Noble

Stifel Nicolaus Europe Limited                 [phone]

Mark Young

Neil Winward

Tom Yeadon      

Tavistock                                                             [phone]

Jeremy Carey

James Whitmore

James Verstringhe         

NOTES TO EDITORS:

Supermarket Income REIT plc listed on the London Stock Exchange in July 2017. 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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