Supermarket Income REIT plc has increased its unsecured facility with Sumitomo Mitsui Banking Corporation by £37.5 million to £104.5 million.

The interest-only facility matures in September 2026 and is priced at a margin of 1.55% above SONIA on the increase amount, with the existing £67 million remaining at a margin of 1.40% above SONIA, and is fully hedged for the term of the facility.

Following the acquisition announced on 22 March 2024, the Company has a pro-forma LTV of 34%.

Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT, said: 

“We are pleased to continue our relationship with SMBC, a key funding partner to the Company. Our strong relationships with existing lenders, and quality of the portfolio, continues to allow the Company to access debt financing at attractive margins.”

Below is a video, shot with the investment team of Atrato Group, the advisors behind SUPR, highlighting the Group’s investment strategy