CLS Holdings, the UK, France and Germany focused property company, has exchanged contracts to acquire an office building in Staines for £19m. It has bought ‘TWENTY’ Kingston Road, which comprises 44,230 sq ft of grade A, multi-let office space, for a net initial yield of 5.3%. The asset is currently let to four tenants with a WAULT […]
Regional REIT has acquired an office asset in one of Scotland’s premier business parks for £10.3m. The office asset comprises 43,676 sq ft over three floors, currently 100% let to John Menzies, an international aviation business and one of Scotland’s largest companies. The current contracted rent of £880,000 a year provides a net initial yield […]
CLS Holdings has sold a portfolio of government-let regional offices in the UK for a total of £65m to Elite Capital Partners – a Singaporean investment firm. The 19 offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset management potential. The group […]
Symphony International Holdings has entered into binding agreements to sell land at the Niseko ski resort, in Japan, and form a new joint venture to co-develop part of the land with Hanwha Hotels & Resorts. As initally announced on 30 August 2019, Niseko Property Joint Venture (NPJV), which Symphony holds a 37.5% interest in, will sell […]
SDCL Energy Efficiency Income Trust (SEIT), the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a 50% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar for an equity cash consideration […]
Regional REIT has announced a series of lettings 3% ahead of the expected rental value (ERV). The six leasing deals, which are spread across the portfolio, amount to a total rental income of £589,856 a year and comprise: A 9,581 sq ft renewal at Star House in High Wycombe to Star Micronics for five years […]
Derwent London has exchanged contracts to sell its long leasehold interest in 40 Chancery Lane for £121.3m. The 103,700 sq ft office and retail building is let to Publicis Group until July 2035, with a tenant break in July 2033, at a net income of £5.5m per annum. The sale price represents a net yield to […]
Tritax EuroBox, which invests in Continental European logistics real estate assets, has acquired a prime newly developed logistics property at Breda, in the Netherlands, for €50.3m. The deal reflects a net initial yield of 4.6%, with the potential to add value through the letting of the vacant units. The property, purpose-built in November 2019, is situated in an […]
GCP Student, the UK REIT focused on student residential assets, has rasied £77m from an over-subscribed placing. It had targeted proceeds of £75m but was boosted by an application in respect of £50m of gross proceeds from APG Asset Management in its capacity as the discretionary manager of various pension funds. A total of 41,365,400 shares […]
McKay Securities has sold a prime City of London office for £76.5m. The REIT, which is focused on the London and South East office and industrial markets, has disposed of 30 Lombard Street at a net initial yield of 4.16%. McKay, which completed the redevelopment of the 58,500 sq ft building in early 2019, pre-let […]
