CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Six UK supermarkets snapped up for £113.1m

By Rob Griffin

11:51, 20 September 2021

Red and blue Tesco sign set against a bright sky
Tesco site among those purchased by Supermarket Income REIT – Photo: Shutterstock

Supermarket Income REIT (SUPR), the real estate investment trust, has announced it has acquired six sites across the UK for a total of £113.1m.

In a statement to the London Stock Exchange, it said the move was part of a strategic plan to deliver attractive long-term income to investors.

The purchases are a Tesco outlet in Prescot, two Morrisons stores in Durham and Cumbria, an Aldi in Oldham, and an Aldi and M&S Foodhall site in Liverpool.

Geographical diversification

According to the Trust, which focuses on investing in grocery properties, the acquisitions reflect a combined net initial yield of 4.6%.

Ben Green, director of Atrato Capital Limited, the investment adviser to Supermarket Income REIT, said the stores “provide geographic and tenant diversification”.

The deals also represent the purchase of SUPR’s first M&S Foodhall, along with exposure to a number of high-quality, omnichannel supermarket assets.

“With an aggregate WAULT [weighted average unexpired lease term] of 15 years, they support our strategy to deliver attractive long-term income,” he added.

The Tesco store

The Tesco site in Prescot, Merseyside is being purchased from an undisclosed vendor for £50m, excluding acquisition costs. The supermarket has operated from the store since 1993.

The 7.5-acre site comprises an 89,000 sq ft net sales area supermarket, a 12-pump petrol filling station and 496 car parking spaces.

It also has a purpose-built online fulfilment centre which operates 12 vans, supporting Tesco’s online grocery network across the region.


1,906.55 Price
+4.320% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 5.00

Oil - Brent

77.24 Price
+1.530% 1D Chg, %
Long position overnight fee -0.0122%
Short position overnight fee -0.0098%
Overnight fee time 21:00 (UTC)
Spread 0.04


194.17 Price
+5.480% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.22


28,088.55 Price
+4.930% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

Morrisons outlets

The Morrisons in Murton, Durham was bought from Janus Henderson UK Property PAIF for £18.4m, excluding acquisition costs.

Developed in 2016, the 7.5-acre site also features a 16-pump petrol filling station and 475 car parking spaces.

The Morrisons in Workington, Cumbria was acquired from Land Securities Group plc for £28.9m, excluding acquisition costs, and has been home to the supermarket since 2004.

Aldi and M&S

The Aldi store in Oldham, Greater Manchester, was secured from OPP Investments Ltd for £5.6m, excluding acquisition costs, which was developed in 2011.

Meanwhile, the Aldi and M&S Foodhall in West Derby, Liverpool was purchased from London Metric Property plc for £10.2m, excluding acquisition costs.

The Aldi supermarket has an unexpired lease term of 15 years, with five-yearly, 2.5% fixed, annually compounded uplifts.

The M&S Foodhall, meanwhile, has an unexpired lease term of 10 years, with five-yearly, open market rent reviews.


Read more: Shoppers shun supermarkets in favour of ‘top up” buys: Kantar

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 530.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading