Yew Grove REIT has announced that it has exchanged contracts to acquire Office Block A at the IDA Waterford Business and Technology Park, Butlerstown, Waterford. The €4 million transaction represents a net initial yield of 8.56 per cent, after accounting for all purchase costs. The purchase if the company’s first in Waterford. Jonathan Laredo, Yew […]
Ediston Property Investment Company (EPIC) has announced that it has completed two lease transactions for Pallion Retail Park, Sunderland. The two tenants are Go Outdoors and The Wallpaper Warehouse. Go Outdoors takes on Unit 2 at Pallion Retail Park GO Outdoors signed an agreement for lease on unit 2, which comprises 11,345 square feet, in […]
NextEnergy Solar Fund (NESF) has announced that it has entered into a partnership with Zestec Asset Management Limited (Zestec) for the future acquisition of operating solar plants to be installed on commercial properties. The two companies have signed a framework agreement, under which NESF and Zestec are targeting, for 2019, up to £20m in investment […]
Towards the end of last month, we covered off the exciting results of Athelney’s EGM (All change please!) and the subsequent resignation of new appointee Paul Coffin, who subsequently resigned a few days later, leaving the other new appointee, David Lawman as the sole director of the trust. Well, since this time, David has not […]
Scottish American (SCAM or SAINTS) has announced its annual results for the year ended 31 December 2018. In what it describes as a challenging year for markets, the trust provided NAV and share price total returns of -2.4% and -1.6% respectively. The announcement highlights that these returns are ahead the total return from global equities […]
Ediston Property (EPIC) has announced that it has signed a lease on unit B, Barnsley East Retail Park, with B&M Retail Limited (‘B&M’). The new letting has increased B&M’s occupation on the park by 40%. B&M will occupy both units A and B B&M already occupies the adjoining unit A which extends to approximately 25,000 […]
Yew Grove REIT has announced its annual results for the seven month period ended 31 December 2018. Jonathan Laredo, the company’s CEO describes these as a “strong set of inaugural results for the Group”. He also says that the net proceeds from the IPO have now been fully invested and the properties that have been […]
Key highlights: Civitas Social Housing (CSH) has released its quarterly NAV and market update announcement. Key highlights are as follows: The IFRS NAV per share increased by 0.4% to 106.5p during the quarter (30 Sept 106.1p). This includes the recognition of two dividends in the quarter, and is equivalent to a total return of 2.6%. […]
Civitas Social Housing (CSH) has promptly announced that the Regulator of Social Housing (RSH) has issued a grading under review notice in respect of Bespoke Supportive Tenancies (BeST), one of the 15 housing associations that it is working with. CSH says that, as at 31 December 2018, BeST represents 4.3% of its net asset value […]
Athelney Trust – All change please! Little Athelney Trust announced the results of its EGM, earlier this week, and they make for exciting reading! The three incumbent directors – Dr Emmanuel Pohl (the chairman) Simon Moore, Jemma Jackson and Jason Pohl – have all been voted off, but by the slimmest of margins! This was […]
