IN BRIEF: Supermarket Income REIT Buys Supermarket In Leicestershire

Supermarket Income REIT PLC - real estate investment trust investing in supermarket property - ...

Alliance News 29 December, 2020 | 1:37PM
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Supermarket Income REIT PLC - real estate investment trust investing in supermarket property - Acquires a Waitrose supermarket in Market Harborough, Leicestershire from London-based investment service Alpha Real Estate for GBP9.1 million. Says price represents a net initial yield of 4.3%, and property has an unexpired lease term of 19 years with a break option at year 14.

"We are pleased to have added a further Waitrose store to our growing portfolio. This store has strong omnichannel trading fundamentals and is situated in a prominent location within a highly affluent town," says Ben Green, director of Atrato Capital, the investment adviser to Supermarket Income REIT.

Current stock price: 106.30 pence

Year-to-date change: down 2.9%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Supermarket Income REIT Ord 107.00 GBX 0.00 -

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