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QuotedData’s other news 8 November

In QuotedData’s other news 8 November –

  • Regional REIT (RGL) has announced a spate of lettings across its portfolio at an average of 19% ahead of expected rental value. The deals comprise: a 30,100 sq ft industrial unit letting at Juniper Park, Basildon, to DG International Group for a five-year period for a rent of £240,800 a year – a 30% uplift from the previous tenant; a 17,000 sq ft office letting at Witham Park House in Lincoln at a headline rent of £220,000 a year until 2032; a circa 7,000 sq ft letting at 2800 The Crescent in Birmingham on a 10 year lease at a rent of £150,876 a year; and a lease renewal on a 1,933 sq ft unit at the Silver Court business park in Welwyn Garden City to a national charity organisation for a further three years at a headline rent of £32,861 a year.
  • Target Healthcare REIT (THRL) notes that it has agreed the acquisition of eight care homes and 31 retirement apartments, in four separate transactions, for a total consideration of £81.3m including transaction costs. The acquisitions, which had been identified in advance of the group’s recent £80m equity placing, will mean the rapid deployment of the majority of shareholders’ funds, reducing the potential for cash drag.

We also have interim six-month results from Capital Gearing Trust and Scottish Mortgage.

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