Business
Agreed rent review
Agreed rent review.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4732X Supermarket Income REIT PLC 30 April 2019 \n\nSUPERMARKET INCOME REIT PLC\n(the \"Company\")\nLEI: 2138007FOINJKAM7L537 \nAgreed rent review on Tesco extra cumbernauld\n \nSupermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco Extra in Cumbernauld has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent increased from £2,936,121 to £3,032,178 as of March 2019.\n \nIncluding the review and the recent acquisition of a Tesco Extra in Mansfield, total passing rent for the Supermarket Income REIT portfolio is £19.2 million.\n \nBen Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: \"The conclusion of this rent review further underlines the attractive, RPI-linked rent reviews that are a feature of all our leases\".\n \nFor further information, please contact:\n \nAtrato Capital Limited +44 (0)20 3790 8087\nBen Green\nSteve Windsor\nSteve Noble\n \nStifel Nicolaus Europe Limited +44 (0)20 7710 7600\nMark Young\nNeil Winward\nTom Yeadon \n \nTavistock +44 (0)20 7920 3150\nJeremy Carey\nJames Whitmore\nJames Verstringhe \n \nNOTES TO EDITORS:\nSupermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital...