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18 Jan 2022

LXI REIT targeting £125m fund raise

LXi REIT is looking to raise £125m in a proposed issue of new ordinary shares through a subsequent placing, open offer, offer for subscription and intermediaries offer under its share issuance programme. The group will target the issue of 88,261,608 new shares at an issue price of 142 pence, representing a premium of 2.9% to […]

17 Jan 2022

BMO Commercial Property Trust increases logistics exposure with £66m double buy

BMO Commercial Property Trust has bought two logistics assets for £66m and committed to two developments within its existing portfolio at a cost of £10.5m. These initiatives are in line with the group’s strategy of recycling capital into the industrial and logistics sector and follows the sale of its second largest asset – Cassini House, […]

17 Jan 2022

Tritax EuroBox acquires third Swedish asset

Tritax EuroBox has completed the acquisition of the land and agreed to fund the development of a 17,832 sqm prime logistics asset in Sweden for SEK 402m (€39.4m). The asset is situated adjacent to the 13,181 sqm development opportunity in Rosersberg in Sweden acquired by the company in September 2021, and is being acquired at […]

12 Jan 2022

ASLI announces placing to fund €142m near-term pipeline

Abrdn European Logistics Income (ASLI) has launched a placing under its share issuance programme to fund its near-term €142m pipeline of investments. The group, which has recently deployed the £125m it raised in September 2021 on the acquisition of a logistics portfolio in Madrid, said the placing price will be 110 pence per share, a […]

11 Jan 2022

LondonMetric buys cold storage logistics scheme for £53m

LondonMetric Property has acquired a long let cold storage and logistics warehouse development for £53.4m. The 300,000 sq ft building is pre-let on a 25 year lease to AM FRESH GROUP, an international agri-tech company that supplies the majority of UK supermarkets with a range of items including fruits, plant-based fresh goods and flowers. The rent […]

07 Jan 2022

QD view – feeling the pinch?

With the rise in the cost of living dominating investment thoughts for 2022, what will be the likely impact on consumer spending habits and the funds that could benefit? Energy bills soaring and inflation at 5.1%, combined with a tax hike this year, means less money in the pocket and less spend at the tills. […]

05 Jan 2022

Irish Residential REIT acquires 152 Dublin apartments

Irish Residential Properties REIT (IRES) has acquired 152 residential units in Dublin for €66m, which will be funded from existing credit facilities.  The acquisitions include completed apartments as well as a forward commitment to purchase a new development currently under construction in Ashbrook, Clontarf, Dublin 3. Completed apartments (108 apartments) The company has exchanged contracts to […]

05 Jan 2022

Supermarket Income REIT continues acquisition push

Supermarket Income REIT has continued its acquisition push following its recent equity raise with the purchase of two supermarkets – a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales – for £55.1m, reflecting a combined net initial yield of 5.3%. The company has also announced an increase to its revolving […]

22 Dec 2021

UK Commercial Property REIT acquires COVID lab in £94m deal

UK Commercial Property REIT has continued to strengthen its industrial and logistics portfolio with the £94m acquisition of Precision Park in Leamington Spa, Warwick, which includes a government-let ‘Megalabs’, aimed at increasing the UK’s daily testing capacity for COVID-19. Precision Park comprises two distribution units extending to over 380,000 sq ft, a 65,442 sq ft […]

22 Dec 2021

LondonMetric acquires fund for £122.2m

LondonMetric Property has acquired Savills IM UK Income and Growth Fund in a corporate transaction for £122.2m, reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%. The fund owns a portfolio of 15 assets across 482,000 sq ft with 75% in urban logistics and the remainder comprising long income […]

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