Business
AGREED RENT REVIEW ON TESCO BRISTOL SUPERMARKET
AGREED RENT REVIEW ON TESCO BRISTOL SUPERMARKET.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 3205H Supermarket Income REIT PLC 12 March 2018 \n\nSUPERMARKET INCOME REIT PLC\n(\"Supermarket Income REIT\" or \"the Company\")\n \nAGREED RENT REVIEW ON TESCO BRISTOL SUPERMARKET\n \nSupermarket Income REIT (LSE: SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco superstore in Lime Trees Road, Bristol has been concluded, resulting in an RPI increase of 3.9%. As a result of the review, the rent will increase from £1,474,006 to £1,531,191 as of March 2018.\n \nAfter the review, the annualised rental income of the portfolio will be £10.8 million.\n \nBen Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: \"The conclusion of this rent review underlines the attractive, annual RPI rent reviews that are a feature of all of 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 listed on the London Stock Exchange in July 2017. 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 is the Company's Inve...