Business
SUPR completes £41m of accretive acquisitions
Supermarket Income REIT plc has completed £40.9 million in accretive acquisitions, comprising a £25.6 million Tesco omnichannel supermarket in Craigavon at a 6.5% net initial yield and a £15.3 million portfolio of 10 Sainsbury's convenience stores at a 6.1% net initial yield, marking its entry into the convenience-grocery sector. These transactions, which are redeploying proceeds from a strategic joint venture, bring the total redeployed capital to £99.8 million at an average net initial yield of 6.7%. Following these acquisitions, the company's pro-forma loan-to-value ratio stands at 36% with a portfolio weighted average unexpired lease term (WAULT) of 11 years. Disclaimer*
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n\n10 November 2025\nSUPERMARKET INCOME REIT PLC \n(the \"Company\") \n \nSUPR COMPLETES £41M OF ACCRETIVE ACQUISITIONS\nSupermarket Income REIT plc (LSE: SUPR) announces that it is has completed £40.9 million of acquisitions that are accretive to earnings and WAULT across two transactions at an average net initial yield of 6.4%1.\nFollowing these transactions the Company has now redeployed £99.8 million of the proceeds of the Company's strategic joint venture with funds managed by Blue Owl Capital (\"Blue Owl\"), which was announced in April 2025, at a net initial yield of 6.7%.\nTesco, Craigavon acquisition\nThe acquisition of this upper quartile performing food store in Craigavon, Northern Ireland, at a purchase price of £25.6 million (excluding acquisition costs) reflects an attractive net initial yield of 6.5%2. The 8.6-acre site comprises a 130,000 sq ft gross internal area omnichannel supermarket and a petrol filling station and is the primary omnichannel Tesco store within a 25-minute drivetime of the site. It serves as an online fulfilment hub with 12 home delivery vans, as well as offering Click & Collect services. The unexpired term of the triple-net lease is 15 years with five-yearly, CPI-linked rent reviews (annually compounded, subject to a 4% cap and 0% floor), with a highly affordable rent of £12.70 per sq. ft.\nAcquisition of a portfolio of 10 Sainsbury's convenience stores marks entry into convenience-grocery\nThe Company has also completed the acquisition of 10 Sainsbury's convenience stores at a purchase price of £15.3 million (excluding acquisition costs), reflecting a net initial yield of 6.1%3. The stores are being acquired from Sainsbury's with attractive 15-year triple-net leases that benefit from five-yearly, CPI-linked rent reviews (annually compounded, subject to a 3% cap and 1% floor). \nThe acquisition of these strong trading stores represents SUPR's first investment in convenience grocery. These strongly performing stores have an average gross internal area of 5,800 sq ft and are situated in densely populated town-centre locations across the UK, with strong footfall and visibility. \nLocations of the Sainsbury's assets:\n· Boston Manor\n· Bristol\n· Doncaster\n· Edinburgh\n· &nbs...