Hammerson has announced that it has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington, Northumberland to Arch Commercial Enterprise Ltd for £78m. Manor Walks adjoins Westmorland Retail Park and the two schemes form the core retail offer for Cramlington town centre situated nine miles north of Newcastle. Hammerson says that, further to […]
Drum Income Plus REIT (DRIP REIT) has announced that it has acquired 3 Lochside Way, Edinburgh Park, for £4.5m. It says that the property is a 24,000 square foot Grade A office building, prominently situated, on Central Scotland’s premier business park with Lockheed Martin, Exception and GL Industrial Services as key tenants. The company says […]
Hansteen has announced that it has acquired 66.7% of the share capital of Ashtenne Industrial Fund (General Partner) Limited from Norwich Union (Shareholder GP) Limited for £0.12 million in cash. Hansteen say that the net assets of the General Partner, at 31 December 2015, were £0.17 m and the profits for the year ended 31 […]
Empiric Student Property has announced that it has acquired the freehold of a 31 bed student accommodation property, 2 Oolite Road, in Bath for £2.6m (excluding costs). The property is the fifth student accommodation property in Bath and it has been acquired from IESIS Limited, an established local developer and operator of purpose-built student accommodation […]
NextEnergy Solar Fund has announced a proposed tap issuance programme to issue up to 54,885,000 New Shares, which the company says is equivalent to 19.7% of NESF’s existing voting share capital, to respond to market demand. The company says that, in response to interest from existing and new investors, its first Tap Issue, which is […]
Standard Life Investments Property Income Trust has announced that it has completed the sale of three properties in separate transactions. The sale of a small industrial asset in Witham, completed on 24 June 2016 for £3.3m. Causeway Side House in Teddington was bought as part of the ‘Pearl Portfolio’ in December last year and was […]
Hansteen refinances Netherlands Light Industrial Property with €145m 5-year facilityHansteen has announced that it has refinanced two loans secured against its Netherlands light industrial property portfolio with a single loan totalling €145.0m. The company says that this has resulted in a reduction in the cost of borrowing on the portfolio from 3.57% to 2.49%, excluding […]
Picton Property Income has announced that it has exchanged contracts to Boundary House, Jewry Street, London EC3, for £27.8m. Boundary House is located in the eastern part of the City and comprises a 45,000 square foot multi-let office building, constructed in the mid 1950’s.The purchaser is an overseas investor and Picton received £2.8m on exchange. […]
Aberdeen New Dawn has announced its annual results for the year ended 30 April 2016. During the year, the trust’s NAV fell by 15.4% to 179.4p per share (2015 saw an increase of 17.1%) while the share price fell by 15.1% to 156.0p (2015 saw a rise of 14.3%), all in total return terms. The share […]
Redefine International has provided an update on the progress it is making on asset management initiatives on its recently acquired Aegon UK (AUK) portfolio. The company says that it is making good progress that is ahead of initial expectations. In summary, since the EU referendum result, the company has completed two leases totalling £0.6m, which […]
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