Business
Acquisition of three supermarkets for £98 million
Supermarket Income REIT plc has acquired three UK supermarkets for £97.6 million, achieving an average net initial yield of 5.5%. The acquisitions include a Tesco in Aylesbury for £56.3 million, a Sainsbury's in Sale for £33.8 million, and a Waitrose in Frimley for £7.6 million, all with long-term leases and RPI-linked rent reviews. These purchases, funded by existing debt, are expected to increase the company's exposure to investment-grade tenants to 75% and result in a pro-forma loan-to-value ratio of 43% with a portfolio weighted average unexpired lease term of 12 years. Disclaimer*
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n\n24 December 2025\nSUPERMARKET INCOME REIT PLC \n(\"SUPR\", or the \"Company\") \n \nACQUISITION OF THREE SUPERMARKETS FOR £98 MILLION\nSupermarket Income REIT plc (LSE: SUPR, JSE: SRI) announces that it has completed the acquisition of three supermarkets in the UK for a total purchase price of £97.6 million, at an average net initial yield of 5.5%1.\nThese acquisitions, comprising well-established stores with long trading histories, have been carefully selected to align with SUPR's core business strategy and drive further earnings accretion.\nTesco, Aylesbury\n· Purchase price of £56.3 million (excluding acquisition costs) at a 5.2%1 net initial yield\n· 11.2-acre site comprising 110,000 sq. ft. supermarket with 15 home delivery vans, a Click & Collect facility and a petrol filling station\n· Tesco has been trading from this site for over 40 years\n· Triple-net lease unexpired term of 11 years with annual RPI-linked rent reviews2 (subject to a 3% cap and 1% floor)\n· Strong trading store with an affordable rent of £26.9 per sq. ft., following a lease renewal four years ago\nSainsbury's, Sale\n· Off-market acquisition for £33.8 million (excluding acquisition costs) at a 5.9%1 net initial yield\n· 4.4-acre site comprising 60,000 sq. ft. supermarket with over 350 car park spaces\n· Sainsbury's has been trading from the site for over 29 years\n· Triple-net lease unexpired term of 16 years with annual RPI-linked rent reviews (subject to a 4% cap and 1.5% floor), with rent of £35.2 per sq. ft.\nWaitrose, Frimley\n· Purchase price of £7.6 million (excluding acquisition costs) at a 6.2%1 net initial yield\n· 1.3-acre site comprising 30,000 sq. ft. supermarket with 5 home delivery vans and a Click & Collect facility\n· Waitrose has been operating at the site for over 25 years\n· Triple-net lease unexpired term of 11 years with 5-yearly CPI-linked rent reviews (subject to a 3% cap and 1% floor), with rent of £15.9 per sq. ft.\nThese acquisitions have been funded through the drawdown of the Company's existing debt facility. Following the completion of pipeline transactions, the Com...