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SUPR acquires four supermarkets for £76.4 million

Acquired from different vendors, the purchases consist of two Tesco supermarkets, located in Cheltenham and Merseyside, as well as a central Glasgow site anchored by a Sainsbury’s supermarket and a Marks and Spencer Foodhall.

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

“These acquisitions provide further diversification to the Company’s growing portfolio. The strong trading M&S Foodhall adds a third M&S to SUPR’s portfolio and we are pleased to be taking on the adjoining non-grocery tenants in Glasgow. These adjoining units add to the existing non-grocery assets, which continue to represent less than 10% of our overall portfolio by value.”

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