AGREED RENT REVIEW ON TESCO THETFORD SUPERMARKET

RNS Number : 5484Z

Supermarket Income REIT PLC

18 December 2017

 

 Supermarket Income REIT

(the "Company")

AGREED RENT REVIEW ON TESCO THETFORD SUPERMARKET

Supermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco superstore in Thetford, Norfolk, has been concluded, resulting in an RPI increase of 3.7%.  As a result of the review, the rent will increase from £2,467,908 to £2,558,300 as of 25 December 2017.

After the review, the annualized rental income of the portfolio will be £7.9 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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