Supermarket Income adds M&S to tenants as it buys six more sites


Supermarket Income REIT PLC (LSE:SUPR) has acquired six supermarkets for a total purchase price of GBP113.1mln, including Marks & Spencer as a tenant for the first time.

The purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool.

Excluding acquisition costs, the sites are being acquired on a combined net initial yield of 4.6% and from several vendors including Land Securities, a Janus Henderson fund, London Metric Property plus others.

Ben Green, director of Atrato Capital the investment adviser to Supermarket Income, said: “These acquisitions provide geographic and tenant diversification, with the purchase of our first M&S Foodhall, as well as exposure to a number of high-quality omnichannel supermarket assets.

“With an aggregate WAULT [average lease] of 15 years, they support our strategy to deliver attractive long term income.”


Please enter your comment!
Please enter your name here