Urban Logistics REIT has announced that it has sold a site located on Postley Road, Bedford for £9.2 million “realising a Total Property Return of 74%”. (The company defines total property return as capital growth plus net rental income plus sale profit expressed as a percentage of the purchase price. It says that it will […]
Regfional REIT mulls fundraise – In a very short announcement entitled “Growth Opportunities Under Consideration”, Regional REIT has said that it is “it is considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market. The funds would be deployed in line with its investment policy with a […]
Polar Capital Global Financials Trust (PCFT) has announced that Mr. Simon Cordery has been appointed as an independent, non-executive director, with effect from 1 July 2019. Mr. Cordery has considerable and detailed knowledge of the investment trust industry and remains actively involved with the Association of Investment Companies. A resolution proposing the election of Mr. […]
Our main stories this morning were: Highcroft Investments buys Ipswich gym and motorcycle showroom Samuel Tak Lee locks horns with Shaftesbury again Impact Healthcare REIT acquires four care homes Greencoat UK Wind announces new share issuance programme GCP Student Living ploughs more cash into Guildford QuotedData’s other news 2 May 2019
GCP Student Living (DIGS) has announced that it has entered into a conditional forward purchase agreement to acquire a high specification, purpose-built, private student accommodation residence in the same locality as its Scape Surrey asset in Guildford. The property is expected to be completed for the 2020/21 academic year providing 403 beds. Ideally located for […]
Greencoat UK Wind has announced a new programme of share issuance that is to be conducted over the next 12 months through a number of tranches. The initial placing and the initial offer for subscription launchi today (Thursday 2 March 2019). The company says that a prospectus, relating to the Share Issuance Programme, is expected […]
Impact Healthcare REIT has announced that it has acquired four care homes from subsidiaries of the Maria Mallaband and Countrywide Group (MMCG) in a sale and leaseback transaction. MMCG will continue to operate the homes after completion. The net purchase price is £21.0 million, reflecting a net initial yield of 7.4%. Impact Healthcare REIT says […]
Shaftesbury has announced that its board has received “a letter before action and a draft particulars of claim” from companies controlled by Mr Samuel Tak Lee. Shaftesbury says that these concerns allegations and claims relating to the placing conducted by Shaftesbury in December 2017. Mr Lee, a Hong Kong billionaire property magnate, currently has an interest […]
Highcroft Investments has announced that has completed on the purchase of the freehold interest of a gym and retail warehouse investment in Ipswich for £4,650,000, representing a net yield of 7.04%. The seller was Huron Properties Limited and the purchase has been funded from the company’s existing debt facilities. Dave Whelan Sports and Orwell Motorcycles […]
Primary Health Properties (PHP) has announced that it has contracted to acquire a The Meath Primary Healthcare Centre, in Dublin 8, for a total cost of €10.9 million. The transaction is being conducted through Primary Health Properties ICAV, an Irish investment vehicle that is wholly owned by PHP. This acquisition, which has a completion date […]
