Supermarket Income REIT property, Sainsbury's, Ashford (Photo: Google Maps)Supermarket Income REIT property, Sainsbury's, Ashford (Photo: Google Maps)

Supermarket Income REIT has raised GBP139.8 million from the issue of 135,748,028 new ordinary units.

The issue, which offered new units at 103 pence each, was substantially oversubscribed, said the REIT’s manager.

Supermarket Income REIT is a London-listed REIT with a portfolio of 10 properties across the UK.

Its properties are leased to grocery chain operators - Sainsbury’s, Tesco, and Morissons.

The REIT’s portfolio is 100% occupied, with weighted average lease expiry (WALE) of 18 years.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.