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Supermarket Income REIT ups dividend 1 7% as profit jumps | 2 March 2021

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Supermarket Income REIT ups dividend 1 7% as profit jumps

Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Supermarket Income REIT ups dividend 1 7% as profit jumps
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

Supermarket Income REIT PLC continues shopping spree in healthy supermarket sector

Supermarket Income REIT acquires Morrisons store in Wisbech | 26 January 2021

26 January 2021 | 09:22am StockMarketWire.com - Grocery property investor Supermarket Income REIT said it had acquired a Morrisons supermarket in Wisbech, Cambridgeshire from Aberdeen Standard Investments for £30.0 million. The acquisition price represented a net initial yield of 5%, the company said. The store was developed in the 1980 s and was subsequently extended and refurbished by Morrisons in 2011 to comprise 37,000 square feet of net sales area It was being acquired with a new 26-year lease subject to five yearly, upwards only, RPI-linked rent reviews subject to a 3.0% cap and a 1.5% floor. The store forms a key part of Morrisons online grocery fulfilment network providing both home delivery and click and collect to its local catchment, Supermarket Income REIT said.

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