Supermarket Income REIT plc (LSE:SUPR) acquired Portfolio of Carrefour stores in France for ?75.3 million on April 29, 2024. To fund the acquisition, Supermarket Income has drawn ?81.7 million from its existing HSBC revolving credit facility having also increased the total size of the facility by ?29.2 million (£25 million). The cost of this new Euro denominated borrowing is 1.70% over EURIBOR, with the acquisition providing an attractive earnings spread over the long-term cost of the Euro denominated borrowings. The Company's pro-forma net LTV following the acquisition is 37%. Carrefour is one of the largest grocers in the world, with total sales of ?94 billion in 2023. Rothschilds & Co acted as financial advisor, Simmons & Simmons acted as legal advisor and Wargny Katz acted as financial advisor to Supermarket Income REIT plc.

Supermarket Income REIT plc (LSE:SUPR) completed the acquisition of Portfolio of Carrefour stores in France on April 29, 2024.