abrdn European Logistics Income (ASLI) has sold the first three assets as part of its managed wind-down for €45.4m. Sale of warehouse in Oss, The Netherlands The company has concluded the sale of the freehold of the 12,384 sqm warehouse located in Oss, The Netherlands, for consideration of €15.7m. The asset, constructed in 2019 and […]
Residential Secure Income has appointed agents and is preparing to formally launch the sales process for its portfolio of retirement and shared ownership homes, as the wind-down of the company moves forward. Shareholders voted in favour of the realisation strategy in December after the board decided to call it a day due to its modest […]
Social Housing REIT (SOHO) has proposed a change to its investment policy to increase the maximum exposure to any one approved provider to 35% (from 30%) of the group’s gross asset value, with the maximum aggregate exposure to the top two approved providers not to exceed 55% (previously not restricted). The reason for the change […]
Tritax Big Box REIT has purchased a 74-acre site at Heathrow, London, where it plans to build one of the largest data centres in the UK. The Manor Farm site, which sits within the Slough Availability Zone – a key EMEA data centre location, has the potential to house a data centre scheme with up […]
LondonMetric Property has sold 10 non-core properties for a total of £74.2m and acquired seven properties for £50.1m. The sales reflect a net initial yield (NIY) of 6.9%, while the acquisitions reflect a NIY of 6.5% that is expected to rise to 7.2% over five years Sales The sales comprise: A 138,000 sq ft retail […]
Ground Rents Income Fund has reported a NAV of 59.0p per share in full year results for the year ended 30 September 2024. This means that the possible offer price for the company of 34.0p announced last week is at a 42.4% discount to NAV. The NAV was down 34.5% over the year (from 90.1.p […]
Home REIT has finally published annual results to the end of August 2023, posting another large write-down in NAV. The company reported that NAV fell 37.3% from £345.9m, or 43.76p per share (at 31 August 2022) to £216.9m, or 27.43p. We are still awaiting up-to-date results for the year ended 31 August 2024, which the […]
A possible offer for Ground Rents Income Fund has been announced by Victoria Property, valuing it at £32.5m. Victoria Property, which is part of the Martin Property Group, said that it made three indicative offers to the board of Ground Rents Income Fund late last year, but was knocked back on each occasion. It added […]
In QuotedData’s morning briefing on 7 January 2025: Schroder European REIT (SERE) has sold a grocery anchored retail asset in Frankfurt, Germany, for €11.8m, in line with the 30 September 2024 valuation. The company acquired the 4,525 sqm asset in April 2016 for around €11m. The company’s manager has recently completed various asset management initiatives, […]
Land Securities has acquired a 92% stake in Liverpool ONE, one of the premier shopping centres in the UK, from the Abu Dhabi Investment Authority (ADIA – 69%) and Grosvenor (23%) for an overall consideration of £490m. The income return on Landsec’s initial £455m outlay (a payment of £35m to ADIA is deferred for two years) […]
