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 […]
Schroder UK Growth Fund has announced its interim results for the six-months ended 31 October 2015. During the period, the Company’s NAV produced a total return of -5.3%, marginally outperforming its benchmark, the FTSE All-Share Index, which provided a total return of -5.7%. The share price produced a total return of -5.7%. The company has […]
Bluefield Solar Income fund has announced that it has made three sub-5 MegaWatts peak (MWp) solar plants. The three assets include a 4.7 MWp plant in Lincolnshire and two 4.99 MWp plants in Norfolk. The three are being acquired for a total consideration of £16.5m including transaction costs and working capital. Each plant is expected […]
Honeycomb Investment Trust has listed on the Specialist Fund Market of the London Stock Exchange raising £100m. The trust’s investment manager is Pollen Street Capital, the former private equity business of the Royal Bank of Scotland, which is headed by Lindsey McMurray. Pollen Street describes itself as a private equity fund manager focussed on investing […]
Graphite Enterprise Trust has announced that Intermediate Capital Group plc (ICG) has been appointed as the trust’s investment manager. This follows ICG’s acquisition of the private equity fund investment business of Graphite Capital Management LLP. The change of manager is expected to take effect on 1 February 2016 and Graphite Enterprise will be renamed ICG […]
