Supermarket Income REIT plc announced the acquisition of a Tesco superstore, M&S Foodhall and an Iceland in Chineham, Basingstoke, and the acquisition of an Asda supermarket in Carcroft, Doncaster, for a total purchase price of £82.9 million (excluding acquisition costs), reflecting a combined net initial yield of 4.9%. The 18.7 acre Chineham site has been acquired from Tellon Capital and comprises a 60,938 sq ft net sales area Tesco superstore with a large omnichannel operation, a 16-pump petrol filling station and 878 parking spaces. The store is an online hub for Tesco, operating 13 home delivery vans and a dedicated Click & Collect facility in the car park.

The property also includes an M&S Foodhall, Iceland and further complementary non-food tenants. The Tesco store has a remaining lease term of 12 years and is subject to 5-yearly open market rent reviews. The Asda store in Carcroft comprises a 45,813 sq ft net sales area omnichannel supermarket which sits on a 5.2 acre site and includes 340 parking spaces.

Asda has operated from the site since the 1970s with the store being fully refurbished in 2019. The store supports Asda's online fulfilment in the area through Click & Collect. The property was acquired via a direct sale and leaseback transaction with Asda under a new 100 year lease.

The property is subject to 5-yearly rent reviews which are upwards only and CPI-linked (subject to a 2.5% cap and a 0.0% floor).