Tuesday, September 26, 2023
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Supermarket Income REIT completes debt refinancing

Supermarket Income REIT has completed a comprehensive debt refinancing exercise. The debt refinancing exercise involved the cancellation of two shorter-dated debt facilities, the reduction and...

Supermarket Income REIT buys Worcester Tesco store for £38m

Supermarket Income REIT has purchased a Tesco omnichannel supermarket in Worcester, for £38.3 million, reflecting a net initial yield of 6.0%.  Tesco has been operating at...

Supermarket Income REIT refinances debt with £87m loan

Supermarket Income REIT has refinanced its existing loan facilities with Bayerische Landesbank (BLB) with a new three year £86.9 million term loan. This secured, interest-only, loan replaces the three...

Supermarket Income REIT completes sale of Sainsbury’s portfolio interest

Supermarket Income REIT has completed the the sale of its interest in the Sainsbury's Reversion Portfolio. The company has therefore received £279.3 million in respect of the...

Supermarket Income REIT sells Sainsbury’s portfolio interest for £431m

Supermarket Income REIT has exchanged contracts to sell its interest in the Sainsbury's Reversion Portfolio (SRP Portfolio) to Sainsbury's for £430.9 million. The sale completes the...

Supermarket Income REIT appoints Sapna Shah as non-executive director

Supermarket Income REIT has appointed Sapna Shah as an independent non-executive director of the company with immediate effect. Sapna Shah has 20 years of investment...

Supermarket Income REIT buys additional stake in Sainsbury’s portfolio

Supermarket Income REIT has increased its stake in Sainsbury's Reversion Portfolio to 51% by acquiring British Airways Pension Trustees' 25.5% beneficial interest for £196...

Supermarket Income REIT adds Wales Tesco store to portfolio

Supermarket Income REIT has acquired a Tesco store in Llanelli, South Wales, for £66.8 million, reflecting a net initial yield of 5.3%. The store was developed...

Supermarket Income REIT acquires four supermarkets for £76.4m

Supermarket Income REIT has acquired four supermarkets for £76.4 million, reflecting a combined net initial yield of 5.1%. Acquired from different vendors, the purchases consist...

Supermarket Income REIT pays £82.9m for two supermarkets

Supermarket Income REIT has acquired two supermarkets for £82.9 million, reflecting a combined net initial yield of 4.9%.  The REIT acquired the 18.7 acre site...

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