Qatar Investment Fund (QIF) has announced a tender offer to purchase up to 10% of its issued share capital. This follows QIF’s announcement on 16 October that it intends to change its investment policy to become a Gulf Investment Fund, in which the board announced that it would put proposals for a tender offer. Tender […]
Regional REIT has announced that its asset manager, London & Scottish Property, has exchanged contracts to sell a development site in Leeds for £10.5m, on a subject-to-planning basis, to Unite Students. The 21,000 square foot site, which was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent […]
Aberdeen Latin American Income (ALAI) has announced its annual results for the year ended 31 August 2017. During the period, the company’s NAV total return was 25.1% and its share price total return was 23.7%, which the company says compares against a benchmark total return of 21.4%. The superior NAV total return reflects a widening […]
Globalworth Real Estate (GWI) has announced that it has entered into a conditional investment agreement to acquire a minimum of 50.01% and up to 67.90% of Warsaw listed Griffin Premium (GPRE). GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of […]
Land Securities has announced that it has exchanged contracts to sell its 50% stake of 20 Fenchurch Street, EC3M (the walkie talkie building) for £641.3 million and proposes to return £475 million to shareholders. The purchaser is LKK Health Products Group who will also acquire Canary Wharf Group’s 50% stake in the building, bringing the […]
LMS Capital is proposing to return up to £11 million to shareholders by way of tender offer and repurchase of up to 16.29% of the issued share capital of the Company at a price of 70p per Ordinary Share. The company says that the tender offer price represents a 5% discount to the 30 June […]
Custodian REIT has announced the purchase of a 30,404 square foot retail warehouse on Snipe Retail Park, Ashton-under-Lyne, adjacent to junction 23 of the M60. The unit is occupied by B&M Bargains Limited, with nearby retailers including B&Q, Halfords, Home Bargains, Dunelm, Argos and Harveys. The unit’s lease expires on 8 January 2032 with a current […]
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser’s costs), which is being funded by the Company from equity. Good access to rail and […]
BlackRock Throgmorton Trust has announced a change in the management fees payable to its manager, BlackRock Fund Managers Limited. Under the new fee structure, the base management fee will be reduced from 0.70 per cent. to 0.35 per cent. of gross assets per annum with effect from 1 August 2017. The performance fee is also […]
NewRiver REIT has announced that it has exchanged contracts for the pre-sale of the entire residential element of its major mixed-use regeneration of Burgess Hill town centre. Delph Property Group, which NewRiver REIT describes as a well-established family run residential investment company, has agreed to purchase all 142 residential units for £34 million. It also […]
