Supermarket Income REIT plc’s £150 Million Fundraising


Macfarlanes has advised Supermarket Income REIT plc on the transaction.

The fundraise involved an initial target raise of approximately £150m to be undertaken by means of placing and offer for subscription.

The company is also seeking to implement a placing programme with the potential to raise, together with the placing and offer for subscription, up to approximately £470m over the next 12 months.

Despite the Covid-19 pandemic, since late March Supermarket Income REIT has deployed £240m of capital in five separate transactions, increasing the geographic coverage of the portfolio and diversifying its tenant base.

As context of the fundraise, the company has identified a number of attractive investment opportunities, including three assets with an aggregate value of approximately £135m in respect of which discussions with the owners are advanced, together with a further pipeline of assets with an aggregate value of approximately £270m.

The Macfarlanes team for this matter was led by corporate and M&A partner Robert Boyle (Picture) with assistance from senior counsel Mark Slade and solicitor Olivia MacLellan.

Involved fees earner: Robert Boyle – Macfarlanes LLP; Olivia MacLellan – Macfarlanes LLP; Mark Slade – Macfarlanes LLP;

Law Firms: Macfarlanes LLP;

Clients: Supermarket Income REIT PLC;