CLS Holdings, the office landlord with assets in Germany, France and the UK, has posted a 1.5% uplift in NAV in full year results to the end of December 2021. Highlights EPRA net tangible assets (NTA) up 1.5% – primarily due to EPRA earnings and portfolio valuation gains, which were offset by foreign exchange losses […]
Property has traditionally been a good inflation hedge, with rental uplifts usually coming in line with inflation. With inflation forecast to hit around 8% next month (and who knows what later in the year) it seems clear that this will not be the case this time. Leases with inflation protection built-in typically come with a […]
Secure Income REIT said it expects significant earnings growth this year due to rising inflation forecasts, after reporting an 11.8% uplift in EPRA net tangible assets (NTA) in full year results to 31 December 2021. The group, which invests in property with long index-linked leases mainly in the healthcare, hotel and leisure sectors, said its […]
British Land has sold 50% of its stake in the Canada Water Masterplan to AustralianSuper for £290m. Following completion of the sale, British Land and AustralianSuper, which is one of Australia’s largest pension funds, will form a 50:50 joint venture to accelerate the delivery of the 53-acre development, which is one of the largest London […]
Unite Students has sold a portfolio of 11 properties, comprising 4,488 beds, for £306m (Unite share: £236m) to an affiliate of Lone Star Funds. The disposal portfolio includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), Bristol (99 beds) and Leeds (77 beds), and […]
Triple Point Social Housing REIT has proposed making changes to its investment policy and investment restrictions. In summary, the company proposes to make the following changes to its investment policy and investment restrictions: Removing the company’s minimum lease term restriction Allowing the company to selectively take on the cost of funding planned maintenance Giving the […]
Hammerson’s ongoing repositioning efforts have seen losses dramatically fall in full year results to the end of December 2021. The retail group said IFRS loss for the year was £429m against £1,735m the previous year. The loss was largely due to a £470m portfolio valuation fall. The group’s portfolio is now worth £5.4bn, down 7.9%. […]
Tritax Big Box REIT’s development programme turbo-charged returns for the year to 31 December 2021. The group posted impressive gains in earnings, portfolio valuation uplifts and profit in the year. NAV total return for the year was a whopping 30.5%. Adjusted earnings per share was up 14.8% to 8.23p, while the group upped its dividend […]
Workspace Group, the London flexible office provider, has agreed a deal to acquire McKay Securities, the listed property owner focused on offices and industrial in the South East, for £272m. Under the terms of the acquisition, each McKay shareholder will be entitled to receive 209 pence per share in cash and 0.115 new Workspace shares. […]
The logistics property sector can be a safe haven for investors in the face of the uncertainty caused by the war in Ukraine. That was the assessment made by an expert panel at the first leg of QuotedData’s Round the World webinar series focused on Europe. Russia’s invasion of Ukraine has seen heightened market volatility […]
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