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Morning briefing: Hydrogen Capital Growth returns from suspension; Home REIT publishes 2024 interims; plus LMP, GR1T, JARA

Looking for TwentyFour Income Fund Limited (TFIF)? Click here for our story on its half-year results.

And for our report on Rockwood Strategic (RKW) interims, click here.

Home REIT (HOME), the former homeless accommodation provider, has taken another step towards the relisting of its shares after a near-three-year suspension, publishing interim results for the half-year to 29 February 2024. Last week the company confirmed it was in talks with Patron Capital over a possible £123m offer for 700 properties.

LondonMetric Property (LMP) has bought a logistics warehouse let to UPS at East Midlands airport and a hotel at Manchester airport for £51m. It has also sold five assets from its acquisition of Urban Logistics this year for £22m at a blended net initial yield of 5.4% and 5% above acquisition price. They comprise an urban warehouse in Redditch and four industrial open storage assets in Telford, Sheffield, Leigh and Northampton let primarily to transport companies XPO and DX. There was no comment on its recent stake in Schroder Real Estate (SREI) which it lifted from 9.5% to 11% last week.

Wealth manager Philip J Milton & Company has disclosed a 5.3% stake in GRIT Real Estate Income Group (GR1T), the £28m pan-Africa commercial property fund.

JPMorgan Global Core Real Assets (JARA) says net asset value (NAV) rose 2.5% last month with NAV per share rising from 93.74p to 96.09p at 31 October, which left the 77p share price on a 19.9% discount.

QD News
Written By QD News

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