Macfarlanes advises Supermarket Income REIT Plc on property acquisitions and credit facility

Macfarlanes has advised Supermarket Income REIT Plc on its first three property acquisitions and its related £100m revolving credit facility with HSBC. Macfarlanes had previously advised Supermarket Income REIT Plc on its IPO onto the Specialist Fund Segment of the Main Market of the London Stock Exchange.

The latest acquisition is of a Sainsbury’s store in Ashford for £80m.  This follows the acquisition of two Tesco stores in Thetford and Bristol for approximately £71m in aggregate. 

The Macfarlanes team was led by commercial real estate partner Nick Barnes and banking and finance partner Colin Morgan, with support from senior solicitors Mark Simms (real estate) and Laura Bretherton (finance). Further assistance on the real estate aspects was provided by senior solicitor Florien Stone and solicitors Rachael Ashton and Katy Rose.   

Nick Barnes comments: “Having advised on its IPO, we were delighted to be appointed to advise Supermarket Income REIT Plc on its property acquisitions and financing requirements and to help complete those ahead of its target schedule”.

“Having advised on its IPO, we were delighted to be appointed to advise Supermarket Income REIT Plc on its property acquisitions and financing requirements and to help complete those ahead of its target schedule”.