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01 Dec 2023

Life Science REIT disposes of Oxford asset to focus on large scale developments

Life Science REIT (LABS) has completed the sale of Lumen House in Oxford for £7.65m to Harwell Science and Innovation Campus, a joint venture between Brookfield and the UK Atomic Energy Authority together with the Science and Technology Facilities Council. The disposal price represents a 5.6% net initial yield and is 2% ahead of June […]

01 Dec 2023

Tritax EuroBox sells Swedish scheme at substantial premium

Tritax EuroBox (EBOX) has exchanged contracts for the sale of its redevelopment site in Malmö, Sweden to a data centre owner-occupier for a headline price of SEK320 million (€28m). The net sale price is 39% above the valuation as at 31 March 2023. EBOX acquired the property with the intention of redeveloping the site for […]

28 Nov 2023

Tritax EuroBox completes Italian job, fully letting Turin asset

Tritax EuroBox has agreed a second lease at its two-unit asset in Settimo Torinese, a prime logistics location near Turin, Italy. The new six-year lease has been secured with the same leading Italian logistics provider which signed a lease for the other unit in August 2023. The letting for the second unit (14,197 sqm) at […]

28 Nov 2023

Tritax Big Box REIT updates on sales progress

Tritax Big Box REIT has announced that it has sold six assets so far in 2023 for a total of £327m. These disposals were conducted at or above most recent valuations, the company said, and delivered a blended net initial yield of 4.34%. The announcement provided top line detail on the assets, but it appears […]

27 Nov 2023

abrdn European Logistics Income launches strategic review into future

abrdn European Logistics Income (ASLI) has launched a strategic review into the future of the company that could result in its sale or merger with another company. The company, which invests in mid-box and urban logistics real estate in Continental Europe, said that it is “facing a number of challenges, at both a macro and […]

24 Nov 2023

QuotedData’s weekly news update 24th November

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Richard Williams and Andrew Courtney covered the week’s top stories: NextEnergy Solar Fund NESF (0:34) The Autumn Statement (2:46) Sirius Real Estate (4:20) UK Commercial Property REIT/Picton (8:43) This week’s interview was […]

22 Nov 2023

LXI REIT agrees deal to sell Travelodge portfolio for £210m

LXI REIT is close to selling a portfolio of Travelodge hotels for £210m. The deal is under offer, with contracts in solicitors’ hands, on the sale of the 66 Travelodge hotels. The sale price of £210m is in line with current book value (as at 30 September 2023), the company said. If completed, the majority […]

21 Nov 2023

Schroder REIT to include sustainability in investment objective

Schroder REIT has proposed amendments to its investment objective and policy, and to its investment management agreement, to include sustainability at the centre of its investment proposition. The sustainability improvement and decarbonisation strategy will focus on adapting existing buildings in its portfolio into those that are both modern and fit for purpose, that it says […]

21 Nov 2023

Sirius Real Estate raises £146.6m

Sirius Real Estate raised £146.6m in a placing. The company said the net proceeds enable it to execute on a significant near term pipeline of attractive acquisition opportunities. The capital raise comprises the issue of 170,417,384 new ordinary shares, which represent around 14.5% of the share capital of the company prior to the raise. The […]

21 Nov 2023

UK Commercial Property REIT and Picton merger talks off

UK Commercial Property REIT (UKCM) has terminated discussions with Picton Property over a possible merger of the companies. It was announced on 8 November that discussions between the two parties over an all-share merger on a NAV by NAV basis had commenced after Picton approached UKCM. Today, UKCM said that its largest shareholder – Phoenix […]

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