Warehouse REIT buys 200,000 sq ft of last mile warehouses – Warehouse REIT has bought a portfolio of four single and multi-let distribution warehouse assets for £18.6m. The purchase price reflects a blended net initial yield of 6.1%. Situated in key strategic last mile distribution hubs within the North West and the West Midlands, the 200,000 […]
UK Commercial Property buys Asda in Torquay – UK Commercial Property REIT has completed the acquisition of an ASDA supermarket in Torquay, Devon, from Aviva Investors for £16.6m, representing a net initial yield of 4.70%, rising to 5.24% in July 2021. The 33,000 sq ft supermarket in Torquay is fully let to ASDA on a long […]
In QuotedData’s morning briefing 22 December 2020: The Renewables Infrastructure Group has exchanged contracts to invest in Phoenix SAS, which owns a portfolio of operational wind and solar renewable energy assets. The portfolio comprises five onshore wind farms in Northern France with a combined capacity of 74MW and four operational solar parks with battery storage located […]
Value and Income to focus on property – Value and Income has published a circular to convene a meeting of shareholders at which shareholders will be asked to approve a new investment policy. The plan is to shift towards a portfolio predominantly invested in property. The equity manager has already resigned. The lead equity manager, Patrick […]
Polar Capital Global Financials mulls re-expansion – The board of Polar Capital Global Financials Trust says that it has noted the significant increase in interest in the financial sector and other out-of-favour sectors in November 2020, which resulted in a sharp jump in the share prices of financial stocks globally. It notes that, as a result […]
Renewables Infrastructure secures innovative ESG linked debt funding – The Renewables Infrastructure Group Limited has successfully refinanced and expanded its revolving credit facility (RCF) at lower rates to support its investment in new renewable energy projects. The facility is used for short-term financing of acquisitions. The renewed RCF of £500m has been made available to TRIG […]
GCP Infrastructure results reflect lower electricity prices – For the year ended 30 September 2020, the company is reporting a fall in its NAV from 111.66p to 103.99p and a return to shareholders of -2.0%. Highlights are: Dividends of 7.6 pence per share for the year to 30 September 2020 (30 September 2019: 7.6 pence). […]
Schroder REIT buys multi-let industrial estate in Chippenham for £19.25m, reflecting a net initial yield of 8.2%. Langley Park is located in Chippenham town centre close to the railway station and four miles south of junction 17 of the M4 motorway. It is in close proximity to the cities of Bristol and Bath and serves […]
Capital & Regional says things are perking up – 98% of its stores, comprising 621 shops, are back open and trading across the its seven shopping centres, following the end of the national lockdown on 2 December 2020. During the lockdown approximately 38% remained open including both retailers providing essential goods and services and those […]
Shake up at Aberdeen Diversified Income and Growth. The board and the manager have together conducted an extensive review of strategy to see how best to provide investors with growing income and capital that was expected when Aberdeen Standard Investments took on the mandate in 2017. We reproduce this part of the statement here: “As a […]
