Supermarket Income REIT Plc buys Bracknell based Tesco supermarket

1 min read | September 14, 2020 03:04 AM PDT | By Team Kalkine Media

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Supermarket Income REIT Plc (LON:SUPR) has acquired a Tesco supermarket in Bracknell from a client of CBRE Global Investors.

The acquisition cost of £39.5 million (excluding acquisition costs), reflects a net initial yield of 5.7 per cent.
The acquisition of the Tesco supermarket will be financed via a £40 million increase in the RCF facility provided by HSBC of £100 million.
The Company also released an updated KID (Key Information Document) in accordance with the requirements of the PRIIPs (Packaged Retail and Insurance-based Investment Products) Regulation.
On 14 September 2020, at the time of writing, GMT 12:05 PM, SUPR shares were trading at GBX 111.25, unchanged against the previous day closing price.

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