We are pleased to announce the acquisition of two supermarket assets.
The 18.7 acre Chineham site in Basingstoke is anchored by a Tesco Superstore – a 60,938 sq.ft. net sales area, top trading omnichannel store with 13 home delivery vans. SUPR has also purchased the neighbouring M&S Foodhall, Iceland Foods, and other complementary essential non-food retail units. Asda Carcroft comprises of a 45,813 sq.ft. net sales area omnichannel supermarket on a 5.2 acre site, on a new 100year CPI linked upwards only lease.
The stores have been acquired at a combined net initial yield of 4.9%.
Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said: “These acquisitions further strengthen and complement SUPR’s portfolio. Chineham Park was a rare opportunity to acquire a Tesco, an M&S Foodhall and an Iceland in a single transaction. The Asda acquisition represents the longest leased asset in the portfolio with a very long 100 year lease.”
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