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Investegate |Supermarket Inc REIT Announcements | Supermarket Inc REIT: Publication of Supplementary Prospectus


 
Unless the context otherwise requires, capitalised words and expressions used in this Announcement have the same meaning given to them in the announcement made by the Company earlier today in relation to the Issue.
 
Important Information
This Announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or an invitation to purchase investments of any description, or any solicitation of any offer to subscribe for, any securities in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. This Announcement does not constitute a recommendation regarding any securities. Copies of the Prospectus are available from and the Supplementary Prospectus will shortly be avai ....

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Investegate |Supermarket Inc REIT Announcements | Supermarket Inc REIT: Acquisition


 
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of a further stake (the Acquisition ) in the beneficial interest in one of the UK s largest portfolios of supermarket properties (the Portfolio ) from an Aviva Investors managed fund.
The 25.5% beneficial interest has been acquired through the Company s existing 50:50 joint venture (the JV ) with British Airways Pension Trustees Limited ( BAPTL ). The purchase price is £115.0 million (excluding acquisition costs) meaning that the Company s contribution to the JV to fund the Acquisition is £57.5 million (excluding acquisition costs).
The JV acquired its initial 25.5% beneficial interest from British Land Plc in May 2020. Following this second acquisition, the JV s ownership in the Portfolio is 51.0%. The remaining 49.0% beneficial interest is held by Sainsbury s plc. ....

United Kingdom , East Grinstead , West Sussex , Haywards Heath , Hemel Hempstead , Leamington Spa , City Of , East Sussex , Nick Hewson , Steve Windsor , Kirmatzis Andrew Davis , Mark Young Matt Blawat , Company Investment Adviser , Atrato Halliwell , Directors Of The Company Board , Atrato Capital , Main Market Of The London Stock Exchange , Specialist Fund Segment , Stifel Nicolaus Europe , British Airways Pension Trustees , British Airways Pension Trustees Limited , Aviva Investors , British Land Plc , Supermarket Income , Eve Kirmatzis , Occupational Leases ,