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Supermarket Income REIT expands fundraise and portfolio with new Sainsbury’s in Cheltenham

Steve Windsor and Steven Noble from Atrato Capital, Supermarket Income Reit PLC's (LON:SUPR) investment adviser, speak to Proactive London's Andrew Scott following the acquisition of its third property where Sainsbury’s is the tenant.

The trust has bought the supermarket chain’s store in Cheltenham from Legal & General for £60.4mln, which equates to a net initial yield of 5.25%.

It comes after the REIT expanded its planned fundraising to £100mln amid strong support during a marketing roadshow.

Quick facts: Supermarket Income REIT PLC

Price: 107.45 GBX

LSE:SUPR
Market: LSE
Market Cap: £508.91 m
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Supermarket Income REIT raises £139.8mln in 'substantially' oversubscribed...

Supermarket Income REIT's (LON:SUPR) Steve Windsor tells Proactive London's Andrew Scott the £139.8mln raise which has been confirmed this morning is a great response for them - given their initial £75mln target. ''Even at the bigger issuance number we were substantially oversubscribed from...

4 weeks ago

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