SUPR acquires Beaumont Leys Tesco and Aldi

Updated: Nov 17


We are delighted to announce the purchase of two stores from British Land in Beaumont Leys, Leicester for £63.4m.

The first store is a Tesco Extra with a gross internal area of 149,321 sq.ft (GIA) and has a purpose built online fulfilment facility that is used to service 18 delivery vans. The store was originally developed in the 1980s and subsequently refurbished and extended in 2007 to a net sales area of 97,000 sq.ft (NSA). This Tesco’s has a 12 pump petrol filling station and shares over 700 parking spaces. The store is subject to 5-Yearly, OMV-linked, upward only rent reviews on full repairing and insuring terms.

The second store is a newly built Aldi that has a 18,600 sq.ft gross internal area (GIA) and adds further tenant diversification to our direct portfolio. The store is subject to 5-Yearly, RPI-linked, upward only rent reviews on full repairing and insuring terms.


Ben Green, Director at Atrato Capital said:


“We are pleased to have acquired a further omnichannel Tesco Extra, with this asset operating as a key online grocery fulfilment hub for Tesco.


“The Aldi acquisition provides further tenant diversification for the portfolio. Furthermore, we believe this site offers valuable asset management opportunities."

123 Victoria Street, London, SW1E 6DE

Telephone: +44 20 3790 8087,  Email: ir@atratocapital.com

ABOUT

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term inflation-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

CONNECT

  • White Twitter Icon

GOVERNANCE

Supermarket Income REIT Plc is a proud member of the Association of Investment Companies implementing the principles and recommendations of the AIC’s Code of Corporate Governance.

Supra Logo Blue-Gold RGB.png