SEGRO has announced plans to develop a £1bn data centre at Park Royal in west London. The company has formed a joint venture with Pure Data Centres Group, owned by Oaktree, to finance the development of a 56MW scheme. It said that it expects to pre-let the 30,000 sqm, three-storey building to a hyperscaler. Gross capital […]
Regional REIT’s annual results for 2024 highlighted both the severe headwinds the company is facing and the early effects of the turnaround strategy it has put in place. The numbers do not make for easy reading, with the EPRA net tangible assets (NTA) down just over 40% to 210.2p per share from its restated 2023 […]
Blackstone has made a final indicative all cash bid to the board of Warehouse REIT of 115.0 pence per share, valuing the company at £489m. This follows a proposal for the company of 110.5 pence in early March made by Blackstone and fellow US private equity company Sixth Street. The new indicative offer (which has […]
Harworth Group delivered a NAV total return of 9.1% over 2024, after seeing EPRA net disposal value (NDV) increase 8.5% driven by gains on development sites and land sales. Over the last five years the company has posted average annual returns of 8.4% against the MSCI All Property Index of 5.1%. EPRA NDV per share […]
Life Science REIT has launched a strategic review into the future of the company that will explore a potential sale or managed wind down. The board said in the announcement: “As set out in its interim results announcement on 26 September 2024, the board acknowledges the challenges and significant headwinds that the company has faced […]
Just days after announcing a recommended cash offer for the company, Care REIT has reported annual results for 2024. EPRA net tangible assets (NTA) were up 3.7% to £493.97m (119.21p per share), reflecting a 4.3% increase in property investments, which were independently valued at £679.0m. EPRA earnings per share were up 2.4% to 8.89p, while […]
Empiric Student Property has reported annual rental growth of 9.3% in 2024 results, as the student accommodation sector continues to thrive. Like for like rental growth for the academic year 2023/24 was 10.5%, while it achieved 7.0% in the 2024/25 academic year. This translated into a 5.0% uplift in EPRA earnings per share 4.2p (2023: […]
Sirius Real Estate has exchanged contracts to acquire a business park and development opportunity in Southampton for a total £40.5m. The company has agreed to acquire Chalcroft Business Park for £36.5m, representing a net initial yield of 5.5%, as well as an adjoining 4.5 acre piece of development land with outline planning permission, for £4.0m. […]
Care REIT has agreed a deal with US-listed care home provider CareTrust for the sale of the company for £448m. The recommended cash offer would see Care REIT shareholders receive 108p per share, which represents: a 32.8% premium to the closing price of 81.3p on 10 March 2025; a 36.0% premium to the one-month volume weighted average […]
Urban Logistics REIT’s board has agreed an internalisation proposal with the principals of Logistics Asset Management (LAM), its investment adviser, to be effected via the acquisition by the company of the management vehicle. The initial consideration will be £6.8m to be paid in shares, with added payments that will vest over time depending on the […]
