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Supermarket Income REIT toasts booming grocery sector and launch of pioneering green development tie-up with Tesco

Rents are going up and yields are coming in as investment in sector soars, thanks to the strength of grocery retailer covenants and ecommerce structural changes. CoStar News catches up with the team
CoStar News
February 6, 2020 | 12:33 P.M.

Supermarket Income REIT announced progress this morning on an innovative commercial green development tie-up with grocery giants Tesco, Sainsbury’s and Morrisons across its portfolio, as it said the booming UK grocery sector – where it was the third largest real estate investor last year - is heading for a significant positive re-rating.

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