Supermarket Income REIT, a UK-based real estate investment trust focused on investing in grocery properties, with a focus on omnichannel stores, has made a significant move by securing a secondary listing on the Johannesburg Stock Exchange (JSE). The announcement is a strategic step to broaden the company’s investor base, tapping into South Africa’s growing interest in sustainable real estate investments. This listing will allow local investors access to one of the leading grocery-anchored retail portfolios in Europe.
“We are delighted to be able to announce the first day of trading on the JSE via a secondary listing. We look forward to welcoming South African investors onto the Company’s register,” said Nick Hewson, Chair of Supermarket Income REIT. “The aim of the secondary listing is to enhance share liquidity and improve the diversity of our shareholder base, broadening access to the Company.”
Supermarket Income REIT’s secondary listing on the JSE will not include the issuance of new shares. This move builds upon the company’s existing listing on the London Stock Exchange’s Main Market, where it is classified under the closed-ended investment funds category. PSG Capital Proprietary Limited has been appointed as the company’s Corporate Advisor and Sponsor in South Africa, facilitating its entry into the JSE market.
Supermarket Income REIT’s listing brings the total number of companies listed on the JSE to 282, with a combined market capitalization exceeding R19.6 trillion. The JSE is witnessing its most robust listings pipeline in five years. Despite a challenging economic environment, the increase in listings highlights the effectiveness of the exchange’s efforts to foster an enabling environment for both current and potential listed companies.
The decision aligns with a broader trend of international firms seeking to capitalize on the JSE’s reputation for supporting high-quality investment opportunities. By joining the JSE, Supermarket Income REIT aims to raise its profile in the global market, enhance liquidity, and improve its capital access.
The company’s portfolio, consisting of over 100 supermarkets across the UK, continues to attract attention for its stability and long-term growth prospects, particularly in an increasingly uncertain global economy.
“We acknowledge the growing interest from international entities such as Supermarket Income REIT in listing on our exchange. This listing enhances the diversity of our investment offerings and affirms the JSE’s role as a significant platform for global trading, attracting foreign investment and expanding our reach to both local and international investors,” said Valdene Reddy, Director: Capital Markets at the JSE.
Atrato Capital, part of the Atrato Group, serves as the investment adviser for Supermarket Income REIT plc (SUPR). Atrato has been advising the company since its initial public offering (IPO) in 2017, supporting its growth and strategic decisions in the sector.
Ben Green, Principal at Atrato Capital, the investment adviser for Supermarket Income REIT, commented on the significance of the listing, emphasizing the strategic benefits for investors and the potential for enhanced market visibility.
“Supermarket Income REIT’s portfolio of high quality omnichannel supermarkets in the UK and Europe are essential ‘feed the nation’ infrastructure. We’re very excited for this next phase for the Company and remain focused on our strategy of delivering secure and growing income to shareholders.”
PSG Capital acted as the corporate advisor and JSE sponsor to Supermarket Income REIT (SUPR). Commenting on the deal, Johan Holtzhausen, Chairman of PSG Capital, said. “PSG Capital is honoured to be involved with Supermarket Income REIT’s secondary listing on the JSE.” said Johan Holtzhausen: Chairman of PSG Capital.
The JSE is one of the best exchanges in the world and the South African investor community looks favourably on secondary listings, specifically in the property sector. We believe this strategic move will increase liquidity over time and further diversify pools of capital available for potential capital raisings in time. Congratulations to the entire Supermarket Income REIT team and welcome to South Africa.” Johan added
Do you have any story or press releases you want to share? Send tips to editor@envestreetfinancial.com
Follow us on Twitter, Facebook, or LinkedIn to ensure you don’t miss out on any