Company says investment-grade rating from Fitch is “significant milestone”
The REIT wants to move into the FTSE, after building its value to £1.2bn
The REIT has paid £55m for a Sainsbury’s in Tyne and Wear and an Asda in South Wales
The 9.1 acre site is part of the grocer’s online fulfilment network
Tesco and Sainsbury’s acquisitions add 14 acres to portfolio
Supermarket Income REIT initially planned to raise £100m
The £1.4bn REIT has spotted £600m of potential targets
The supermarket specialist grew to £1.15bn through £540m in deals and a £67.8m valuation uplift
REIT buys six supermarkets from LondonMetric, Landsec, Janus Henderson and OPP Investments
REIT purchases 54,300 sq ft store on an unexpired lease term of 19 years
Company has identified fresh acquisition targets since marketing for the deal started
The REIT is in negotiations on four properties and has a further nine in the pipeline