Supermarket Income REIT confirms income rise at Bristol property
Grocery retail property investor Supermarket Income REIT announced on Wednesday that the annual rent review at its Tesco superstore in Lime Trees Road, Bristol, had been concluded, resulting in an RPI increase of 3.2%.
The London-listed specialist fund said that as a result of the review, the rent would increase from £1.53m to £1.58m in March.
Total passing rent from the Supermarket Income REIT portfolio would be £16.5m once the review takes effect in March.
“The conclusion of this rent review underlines the attractive, RPI rent reviews that are a feature of all our leases,” said Ben Green, director of Supermarket Income REIT’s investment adviser Atrato Capital.