SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537
Agreed rent review on Tesco Scunthorpe supermarket
Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor announces that the annual rent review at its Tesco Extra in Scunthorpe has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent will increase from £2,881,364 to £2,975,629 in March 2019.
Total passing rent from the Supermarket Income REIT portfolio will be £16.6 million once the review has taken effect in March.
Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of this rent review underlines the attractive, RPI rent reviews that are a feature of all our leases."
For further information, please contact:
Atrato Capital Limited +44 (0)20 3790 8087
Ben Green
Steve Windsor
Steve Noble
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Young
Neil Winward
Tom Yeadon
Tavistock +44 (0)20 7920 3150
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.
