SUPR is very pleased to announce the £14.3 million purchase of a Morrisons store in Telford, Shropshire, reflecting a net initial yield of 5%. The acquisition represents a rare opportunity to purchase a modern Morrisons site providing long dated, RPI linked income.
Telford is the second fastest growing town in the UK with the population forecast to grow to 198,000 by 2030, currently 178,000. The store is set at the centre of the growing residential community in Lawley Village.
SUPR has also enhanced its relationship with Bayerische Landesbank with a £34.8 million increase and term extension to its funding facilities.
More information is available here.