Supermarket Income REIT Buys Six Grocery Assets for £104m

SUPR continues grocery shopping spree with £100m deals for six assets

Supermarket Income REIT (SUPR) has acquired a retail park, a Sainsbury’s distribution centre, two supermarkets, and two food stores from separate unnamed buyers for a total of £104m.

Supermarket Income REIT buys six grocery assets for £104m

Supermarket Income REIT has acquired six grocery properties for £104m, fully deploying the proceeds of an equity raise it completed earlier this year. The company said the portfolio, together with three supermarkets it agreed to buy in July for £118m, had used up the £100m it raised from shareholders that month. The combined purchases were […]

Supermarket Income REIT snaps up six UK grocery sites in £98m deal

Supermarket Income REIT has acquired six UK grocery properties for £98m as it pushes ahead with plans to significantly expand its portfolio. The FTSE 250 property investor’s latest deal comprises…

Supermarket Income completes deployment of £100m equity raise

Supermarket Income REIT (SUPR) has completed the deployment of the proceeds from its £100m July equity raise after acquiring six grocery properties for £104m. The acquisitions, combined with the £118m purchase of three supermarkets announced in July, take SUPR’s recent investment to £222m. The nine properties have been acquired at an average net initial yield […]

Supermarket Income REIT Acquires Six Grocery Assets For £104m

Supermarket Income REIT has acquired six UK grocery assets for £104 million, completing the deployment of proceeds from its £100 million July equity raise. The acquisitions have an average net initial yield of 6.6% and a weighted average unexpired lease term of 10 years.