Supermarket Income REIT increases share issuance target by 60%

Tesco supermarket

Supermarket income REIT is increasing the target size of its upcoming share placing by 60%, from £25m to £40m, following a “strong level of support” from investors.

The share issue, announced on 12 March and due to be placed 21 March, will be used to acquire two supermarket assets from either the originally identified £260m pipeline of five assets or from a number of further opportunities identified by the company’s investment adviser.

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