Supermarket Income REIT secures €261m

Supermarket Income REIT (SUPR) has announced that its joint venture with Blue Owl Capital has increased its existing loan facility with a group of banks (Barclays, HSBC, ING, Lloyds, and Crédit Agricole CIB).

Supermarket Income REIT property

The loan facility has been increased by £222 mln (€260.6 mln), bringing the total loan to £437 mln (€513.3 mln).

This interest-only loan is set to mature in June 2028, with the possibility of two one-year extensions. The interest rate is fixed at 5.24% for the loan's duration.

SUPR will receive half of the additional loan amount, which it plans to use to pay off upcoming debt. After this refinancing, the company's loan-to-value (LTV) ratio, including its share of the joint venture's debt, will be 43%.

Mike Perkins, CFO of Supermarket Income REIT, commented: "We are very pleased with the continued support shown by our existing lenders, and are equally pleased to welcome two new lenders, Lloyds and Crédit Agricole CIB, to the syndicate. The Company continues to have good access to capital, highlighting the strength of our relationships with lenders and the attractiveness of top-performing grocery real estate assets."

Supermarket Income REIT (SUPR) specifically targets omnichannel grocery stores in the UK and Europe that handle both online and in-person sales and are leased to major supermarket chains. As of 31 December 2025, SUPR's property portfolio was valued at £2.1 bn (€2.47 bn).