Sirius Real Estate has continued its asset recycling programme with the sale of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40.1m and acquisition of a portfolio of three business parks in North London for £33.5m. The disposal price in Germany was at a net initial yield of 5.7% and was achieved at […]
LondonMetric Property as sold four offices and two long income assets in separate transactions, for a total of £24.5m. Four non-core assets have been sold from the recently acquired CT Property Trust (CTPT) portfolio for £15.3m, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT of six years and […]
Grit Real Estate Income Group’s annual results were impacted by the high interest rate environment and the transitional period for the company, which saw it acquire developer Gateway Real Estate Africa (GREA). The group’s EPRA net reinstatement value (NRV) fell 8.3% US$72.8 cents per share over the year to 30 June 2023, driven by a […]
abrdn Property Income Trust (API) has secured over £1.3m in annual rent through new lettings and lease renewals. In the office sector (which accounts for 18% of its portfolio by value), the company has completed a number of deals comprising: a new lease on the fourth floor at One Station Square in Bracknell, securing a […]
Picton Property has sold an office building to a student accommodation developer, as it continues to convert failing office space in its portfolio to alternative uses. The sale of the partially vacant office in Cardiff, which is conditional on gaining planning permission, will be at a price dependent on the exact planning consent obtained and […]
Big Yellow Group has raised £110m in a placing, which it will use to out its existing development pipeline of self-storage sites. A total of 11,470,212 new ordinary shares have been placed at a price of 945 pence, and with existing and new institutional investors raising £108.4m, the executive directors participated to the tune of 301,586 shares and £2.85m. Concurrently with the […]
Regional REIT has appointed ARA Europe Private Markets Limited as its investment adviser, taking over from Toscafund Asset Management. The appointment follows the announcement in April that ARA Europe REIT Manager had acquired a majority shareholding in London & Scottish Property Investment Management, the asset manager of Regional REIT. The board said that it believes […]
PRS REIT has reported a 3.0% uplift in EPRA net tangible assets (NTA) to 120.1p per share in full year results to 30 June 2023. The private rented sector is in the sweet spot with demand and supply dynamics significantly boosted by the housing and cost of living crisis. Strong estimated rental value (ERV) growth […]
Target Healthcare REIT reported a 6.9% fall in EPRA net tangible assets (NTA) to 104.5p per share in full year results to 30 June 2023. The care home landlord said that valuations had stabilised over the second half of its financial year following the impact of higher interest rates in the first half. Uplifts of […]
Retail has been a dirty word for property investors for so long now that it’s hard to remember the time when it was the darling of the real estate sector. When shopping centres were popping up all over the UK and high streets were buzzing. The bubble burst with online retailing in the 2010s and […]
