Business
COMPLETION OF SALE OF SRP INTEREST
COMPLETION OF SALE OF SRP INTEREST.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n 20 March 2023\n \n \n \n \n \n \n \n \n \n SUPERMARKET INCOME REIT PLC\n \n \n \n \n (the \"Company\") \n \n \n LEI: 2138007FOINJKAM7L537 \n \n \n \n COMPLETION OF SALE OF SAINSBURY'S REVERSION PORTFOLIO INTEREST\n \n \n \n \n \n \n Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, announces that the sale of its interest in the Sainsbury's Reversion Portfolio (the \"SRP Portfolio\") completed on 17 March 2023, as expected.\n \n \n \n \n \n The Company has therefore received £279.3 million in respect of the first tranche of the total £430.9 million gross consideration (excluding costs), as announced by the Company on 14 March 2023.\n \n \n \n \n \n The Company has used part of these proceeds to repay in full the £202.8 million debt facility provided by JP Morgan Chase Bank secured on the Company's investment in the SRP Portfolio.\n \n \n \n \n \n \n \n \n \n \n \n FOR FURTHER INFORMATION\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Atrato Capital Limited\n \n \n \n \n \n \n \n +44 (0)20 3790 8087 \n \n \n \n \n \n \n Steve Noble / Rob Abraham / Chris McMahon\n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n Stifel Nicolaus Europe Limited\n \n \n \n \n \n \n \n \n \n \n +44 (0)20 7710 7600 \n \n \n \n \n \n \n Mark Young / Matt Blawat / Rajpal Padam \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Goldman Sachs International\n \n \n \n Jimmy Bastock / Tom Hartley\n \n \n \n \n +44 (0)20 7774 1000\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FTI Consulting\n \n \n \n \n \n \n \n +44 (0)20 3727 1000 \n \n \n \n \n \n \n Dido Laurimore / Eve Kirmatzis / Andrew Davis \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n NOTES TO EDITORS:\n \n \n \n \n Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's super...