SUPR Acquires 20 French Carrefour Stores, Boosts UK Expansion

Supermarket Income REIT (SUPR) expands in France with a €123M acquisition of 20 Carrefour supermarkets, securing a 6.6% net initial yield. These omnichannel stores, averaging 44,000 sq. ft., have long trading histories and diverse locations, with leases lasting 12 years and annual rent reviews tied to inflation. SUPR funded this euro-denominated deal using its revolving credit facility, increasing its loan-to-value ratio to 40%. This acquisition brings SUPRs total Carrefour stores to 46, positioning them for further growth in the UK market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.