5th Nov 2026 06:54
(Alliance News) - Supermarket Income REIT PLC said on Thursday that it had raised GBP60 million to fund new acquisitions through an institutional placing via an accelerated bookbuild and a retail offer.
The London-based real estate investment trust specialising in supermarket properties had indicated on Tuesday it planned to raise GBP50 million through an institutional placing via an accelerated bookbuild and a retail offer.
Supermarket intends to acquire six "earnings enhancing transactions", comprising twelve assets across convenience stores and supermarkets and a distribution centre. The company expects to complete these acquisitions, totalling GBP65.2 million, by December 2026.
On Thursday, Supermarket said it will issue 73.1 million new shares at 82.0 pence each. It expects new shares to start trading on Tuesday next week.
The new share issue comprises an institutional placing conducted through an accelerated book-building process; a placing to selected investors in South Africa; and a retail offer to be made via RetailBook.
The latest deals came shortly after Supermarket raised GBP100 million of equity in July and deployed the proceeds, together with debt, to acquire grocery businesses for GBP222 million.
In July, the company also completed a GBP445 million debt refinancing, lowering borrowing costs and extending its average debt maturity.
By Artwell Dlamini, Alliance News senior reporter South Africa
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