Supermarket Income REIT plc (LON:SUPR, JSE: SRI) has announced that it has acquired six high quality grocery assets for £104 million.
Together with the announcement on 15 July 2026 that the Company has exchanged contracts to acquire a portfolio of three supermarkets for £118 million, the proceeds from the £100 million equity raise in July 2026 have now been fully deployed, at an average net initial yield of 6.6%[1] and a weighted average unexpired lease term of 10 years.
Sainsbury’s, Macclesfield
• 74,000 sq. ft. supermarket with a Click & Collect facility and home delivery vans
• Triple-net unexpired lease term of 13 years
• Annual RPI-linked rent reviews (subject to a 4% cap and 2% floor), with rent of £37 per sq. ft.
Morrisons, Leeds
• 80,000 sq. ft. supermarket with a Click & Collect facility and home delivery vans
• Triple-net unexpired lease term of 13 years
• Five-yearly RPI-linked rent reviews (subject to a 4% cap and a 0% floor), with rent of £21 per sq. ft.
M&S anchored retail park, Nottinghamshire
• Fully let 50,000 sq. ft. scheme includes national retailers B&Q, Costa, Greggs and Mountain Warehouse
• Triple-net leases with a weighted average unexpired lease term of five years
• Five-yearly open market rent reviews, with rent of £18 per sq. ft.
Co-op, Birmingham
• 4,000 sq. ft. foodstore with a triple-net unexpired lease term of eight years
• Five-yearly RPI-linked rent reviews (subject to a 4% cap and 1% floor), with rent of £20 per sq. ft.
M&S, Glasgow[2]
• 10,000 sq. ft. scheme anchored by M&S with a triple-net unexpired lease term of six years
• Five-yearly open market rent reviews, with rent of £20 per sq. ft.
Sainsbury’s grocery distribution centre, Avonmouth2
• 67,000 sq. ft. distribution centre let to Sainsbury’s, with a triple-net unexpired lease term of 14 years
• Five-yearly open market rent reviews, with potential to capture reversion
Rob Abraham, CEO of Supermarket Income REIT, commented:
“These acquisitions add six high-quality grocery assets to our portfolio, marking the completion of the deployment of the proceeds of our £100 million equity raise in July. We are pleased to have delivered this compelling pipeline of acquisitions within two months. Importantly, these acquisitions represent further progress in our strategy to diversify the portfolio, adding grocery distribution and additional exposure to grocery-anchored retail, to our core UK foodstores, which span larger, omnichannel supermarkets through to convenience.”
