Here it is, the first potential investment trust launch of 2022. And it is certainly an interesting one. Gravis Capital Management made an intention to float announcement this week for GCP Co-Living REIT, looking to raise £300m. The new trust will acquire three assets that are transferring out of the Co-living Group. This is the […]
British Land has exchanged contracts to acquire three warehouses in Wembley for £157m, as it continues to build its urban logistics exposure. The three warehouses comprise over 245,000 sq ft on a 12.5 acre site and are fully let to Amazon, Euro Car Parts and the North London Waste Authority generating an annual income of […]
Home REIT has now fully deployed the £350m it raised in September 2021, with £55.1m of new acquisitions. The company has announced the acquisition of 240 additional properties, providing 880 beds for homeless people, bringing the portfolio total to 7,953. The properties were acquired at a weighted average net initial yield of 5.9% and are […]
LXi REIT is looking to raise £125m in a proposed issue of new ordinary shares through a subsequent placing, open offer, offer for subscription and intermediaries offer under its share issuance programme. The group will target the issue of 88,261,608 new shares at an issue price of 142 pence, representing a premium of 2.9% to […]
BMO Commercial Property Trust has bought two logistics assets for £66m and committed to two developments within its existing portfolio at a cost of £10.5m. These initiatives are in line with the group’s strategy of recycling capital into the industrial and logistics sector and follows the sale of its second largest asset – Cassini House, […]
Tritax EuroBox has completed the acquisition of the land and agreed to fund the development of a 17,832 sqm prime logistics asset in Sweden for SEK 402m (€39.4m). The asset is situated adjacent to the 13,181 sqm development opportunity in Rosersberg in Sweden acquired by the company in September 2021, and is being acquired at […]
Abrdn European Logistics Income (ASLI) has launched a placing under its share issuance programme to fund its near-term €142m pipeline of investments. The group, which has recently deployed the £125m it raised in September 2021 on the acquisition of a logistics portfolio in Madrid, said the placing price will be 110 pence per share, a […]
LondonMetric Property has acquired a long let cold storage and logistics warehouse development for £53.4m. The 300,000 sq ft building is pre-let on a 25 year lease to AM FRESH GROUP, an international agri-tech company that supplies the majority of UK supermarkets with a range of items including fruits, plant-based fresh goods and flowers. The rent […]
With the rise in the cost of living dominating investment thoughts for 2022, what will be the likely impact on consumer spending habits and the funds that could benefit? Energy bills soaring and inflation at 5.1%, combined with a tax hike this year, means less money in the pocket and less spend at the tills. […]
Irish Residential Properties REIT (IRES) has acquired 152 residential units in Dublin for €66m, which will be funded from existing credit facilities. The acquisitions include completed apartments as well as a forward commitment to purchase a new development currently under construction in Ashbrook, Clontarf, Dublin 3. Completed apartments (108 apartments) The company has exchanged contracts to […]
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