Agreed rent review

RNS Number : 4732X

Supermarket Income REIT PLC

30 April 2019

 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537  

Agreed rent review on Tesco extra cumbernauld

Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco Extra in Cumbernauld has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent increased from £2,936,121 to £3,032,178 as of March 2019.

Including the review and the recent acquisition of a Tesco Extra in Mansfield, total passing rent for the Supermarket Income REIT portfolio is £19.2 million.

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