Acquisition of three supermarkets for £118 million
Supermarket Income REIT PLC
15 July 2026
15 July 2026
SUPERMARKET INCOME REIT PLC
("SUPR", or the "Company")
ACQUISITION OF THREE SUPERMARKETS FOR £118 MILLION
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces that it has exchanged contracts to acquire an attractive portfolio of three supermarkets (the "Portfolio") for £118 million in aggregate, at an average net initial yield ("NIY") of 6.9%1, which is due to complete in September 2026.
The portfolio comprises three well-established stores with strong trading histories, let on triple-net leases which are 100% inflation-linked and 100% investment grade income:
Sainsbury's, Manchester
· Triple-net unexpired lease term of 12 years
· Annual RPI-linked rent reviews (subject to a 5% cap and 3% floor), with rent of £34 per sq. ft.
· 5.2-acre site comprising 71,000 sq. ft. supermarket with a Click & Collect facility
Tesco, Edinburgh
· Triple-net unexpired lease term of 5 years
· Annual RPI-linked rent reviews (subject to a 4% cap and 0% floor), with rent of £33 per sq. ft.
· 8.8-acre site comprising 128,000 sq. ft. supermarket with 8 home delivery vans and a Click & Collect facility
Tesco, Halifax
· Triple-net unexpired lease term of 8 years
· Annual RPI-linked rent reviews (subject to a 5% cap and 0% floor), with rent of £35 per sq. ft.
· 5.1-acre site comprising 41,000 sq. ft. supermarket
The Portfolio's weighted average unexpired lease term ("WAULT") of 8 years and average rents of £34 per sq ft. provide regear opportunities to drive attractive total returns.
Rob Abraham, CEO of Supermarket Income REIT, commented:
"This acquisition will add three high quality stores to our portfolio and further demonstrates the compelling growth opportunities we continue to see in grocery real estate. As the leading landlord in the sector, we remain well positioned to drive returns for shareholders through our team of sector specialists."
Notes
1 NIY based on actual acquisition costs
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FOR FURTHER INFORMATION |
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Supermarket Income REIT |
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Rob Abraham / Mike Perkins / Chris McMahon |
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Headland Consultancy |
+44 (0)20 3805 4885 |
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Susanna Voyle / Antonia Pollock / Dan Mahoney |
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe. The portfolio was valued at £2.1 billion as at 31 December 2025.
The Company's properties earn long-dated, secure, inflation-linked, growing rental income. SUPR targets a progressive dividend and the potential for long term capital growth.
The Company's shares are traded on the LSE's Main Market and on the Main Board of the JSE Limited in South Africa.
Further information is available on the Company's website www.supermarketincomereit.com
LEI: 2138007FOINJKAM7L537
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