Investor centre

£38.3m Tesco acquisition

Tesco acquisition

We are pleased to announce our latest acquisition of an omnichannel Tesco in Worcester for £38.3m, reflecting a net initial yield of 6.0%.

Tesco has been operating at the 6.5 acre site for over 30 years, highlighting the strong trading location. The 47,297 sq ft net sales area supermarket is also an online hub for Tesco, operating nine home delivery vans and a Click & Collect facility.

The lease has an unexpired lease term of 12 years, with annual upwards only RPI-linked rent reviews (subject to a 4.0% cap and 0.0% floor).

Ben Green, Director of Atrato Group, the Investment Adviser to Supermarket Income REIT plc, said:

“This acquisition further strengthens SUPR’s portfolio of top trading omnichannel supermarkets, evidencing our ability to redeploy the proceeds of the Sainsbury’s Reversion Portfolio sale at yields which are accretive to the portfolio.”

Read the RNS here:

We manage a unique portfolio

Our handpicked, geographically diverse portfolio is a critical part of the UK’s feed the nation infrastructure. Interactive portfolio map with key statistics and full portfolio download.

Key shareholder information including latest results and news announcements, share and dividend centre, consensus and research and key events 

Details of our investment strategy, key characteristics, asset management and market backdrop 

Our media hub

Ben Green discusses SUPR’s results on Sky News

The Omnichannel virtuous cycle

Proactive investors: SUPR’s latest results

Play Video about Proactive Investors