Ludgate Environmental Fund has announced that it has entered into an agreement to sell the entire issued capital of Ignis Biomass Ltd to Equitix for £4m. Of this, £2.4m is payable on completion of the sale and £1.6m is deferred pending the achievement of certain performance conditions. The company says that additional payments may also […]
Summit Germany has announced that it has acquired two office buildings, one in Munich and the other in Duisburg, for a total purchase price of €15m (including acquisition costs). The company says that the properties consist of approximately 12,000 square metres of lettable area and are fully let to several strong tenants with a weighted […]
Hammerson has announce that it has exchanged contracts to sell the Villebon 2 retail park to a consortium of French institutional investors for €159m (£116m). Villebon 2 is located in Villebon-sur-Yvette, in the south of Paris region. The park covers 47,500 square metres and was acquired by Hammerson in 2005. Hammerson say that it has […]
Miton Global Opportunities, formerly Miton Worldwide Growth Investment Trust PLC, has announced its interim results for the six-months ended 31 October 2015. During the period, the company’s NAV total return was -4.4% and its share price total return was -2.8%. These compare against a return of -3.6% on the MSCI world and a 1.3% return […]
Custodian REIT has announced that it has acquired a portfolio of nine properties for £55.1m. The Portfolio comprises four retail sites in Colchester, Guildford, Portsmouth and Winnersh, three industrial properties in Chepstow, Redditch and Warrington, and two offices in Edinburgh and West Malling. The average lot size is £6.1m and the occupiers include House of […]
UK Commercial Property Trust has announced that it has separately acquired two new properties. The first is the Central Square office building in Newcastle, which has been acquired at a cost of £21.6m, which reflects a net initial yield of 6.4%. The building, which has 72,389 square feet of office space is multi-let to a […]
SEGRO has announced that it has exchanged contracts to sell its portfolio of offices on the Bath Road, Slough, for £325m to clients of AEW Europe. The portfolio fronts the Slough Trading Estate and contains 972,300 square feet of office properties leased to companies spanning blue-chip, national and international businesses, and one office building currently […]
Empiric Student Property has announced that it has acquired the freehold of Ayton House, a 241 bed, student accommodation property in St Andrews for £26.0m (excluding costs). Ayton House is Empiric’s first acquisition in St Andrews and was newly completed for the 2015/16 academic year. The property, which is located in a prominent position in […]
NewRiver Retail has announced that it has exchanged contracts to acquire the Neptune Portfolio, which comprises the Ridings Shopping Centre (pictured and located in Wakefield, West Yorkshire), the Cornmill Shopping Centre (Darlington in the North East of England) and the Capitol Shopping Centre (Cardiff in South Wales) for £92.3m. In addition to this, the company […]
Target Healthcare REIT has announced that it has exchanged contracts to acquire Tapton Court, a 69 bed care home in Sheffield, South Yorkshire. Tapton Court (pictured) was built in the 1990s and closed in 2014. It will now be substantially redesigned and refurbished during which the bedrooms will be enlarged and reduced in number to […]
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