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Supermarket Income REIT Secure Rent Rise For Cumbernauld Tesco Store

LONDON (Alliance News) - Supermarket Income REIT PLC said an annual rent review at a Tesco Extra ...

Alliance News 30 April, 2019 | 2:39PM
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LONDON (Alliance News) - Supermarket Income REIT PLC said an annual rent review at a Tesco Extra store in Cumbernauld, Scotland, has resulted in a rent increase to GBP3.0 million.

Previously, the store generated rent of GBP2.9 million for Supermarket Income REIT.

Including the review and the recent acquisition of a Tesco Extra in Mansfield, total passing rent for the Supermarket Income REIT portfolio now stands at GBP19.2 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".

Shares in Supermarket Income REIT were flat at 102.50 pence on Tuesday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Supermarket Income REIT Ord 103.50 GBX 0.00 -

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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