JTC Fund Services has provided management, company secretarial, fund accounting and administration services in relation to the admission to trading in London of a £100 million investment vehicle focused on supermarket real estate assets across the UK.
Supermarket Income REIT, a property investment company focused on UK supermarkets, is managed by JTC AIFM Services, JTC’s Guernsey-licensed management company (ManCo).
In addition, JTC’s London office is providing company secretarial, corporate governance, fund accounting and administration services.
Having undertaken an initial public offering, the company succeeded in raising £100 million, with shares then admitted to trading on the specialist fund segment of the London Stock Exchange’s Main Market for listed securities.
It has used the proceeds to buy stores rented on long leases to ‘institutional grade’ tenants such as Tesco, Sainsbury’s, Asda and Morrisons.