Supermarket Income REIT: Acquisitions & New Revolving Credit Facility
Supermarket Income REIT plc has this week added three supermarkets to its portfolio, underlining its strategy of acquiring omnichannel supermarket, ie stores that cater for both online and instore shoppers.
This week’s acquisitions of a Waitrose store in Winchester, a Sainsbury’s store in Melksham and a Morrisons store in Wisbech, take the number of directly owned stores to 26. The Group also has a 25.5% stake in a further 26 Sainsbury’s superstores.
These acquisitions follow on the the news that SUPR has arranged a new revolving credit facilityof £80m with Barclays and Royal Bank of Canada.
The below video, filmed in Q4 2020, highlights the Group’s investment strategy