Supermarket Income REIT (SUPR) will seek approval from shareholders to amend its investment objective and policy to invest more flexibly and capitalise on "appropriate earnings accretive acquisition opportunities" in Europe.
In a stock exchange notice today (18 November), the board said the trust is looking to gradually step up its exposure to European assets through an incremental approach. This follows the trust's recent purchase in April of 17 Carrefour supermarkets in France through a sale and leaseback transaction for a total of €75.3m. More recently in November, the board also said it will change the way it calculates its management fee following an agreement reached with its investment adviser, Atrato Capital. Supermarket Income REIT overhauls management fee calculation In a statement issued ...
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