Supermarket Income REIT: £100m fundraise & acquisition
Supermarket Income REIT plc, which acquires omnichannel supermarkets around the UK, has today announced its intention to raise approximately £100 million at the issue price of 106p per New Ordinary Share, a discount of 3.2% to the closing price of 109.5p per share on 3 March 2021. The investments team have identified a number of supermarket assets including 13 stores with an approimate value of £414m, which all meet the company’s investment criteria. By way of a reminder of SUPR’s investments strategy, it has today announced the acuqisition of a Tesco supermarket in Prestatyn for £26.5m.
Below is a video shot with the investment team of Atrato Group, the advisors behind SUPR, highlighting the investment strategy
