African real estate investor Grit Real Estate announced full year results to the end of June 2021, with a 12.6% drop in net asset value (NAV). EPRA net reinstatement value (NRV – the group’s EPRA equivalent for NAV) per share contracted to $1.024 (2020: $1.171). The reduction was principally as a result of a decrease […]
Urban Logistics REIT has announced plans to move to the premium segment of the main market of the London Stock Exchange. The directors said they believed that the market capitalisation of the company (£550m) now justifies the move and that it would provide the most appropriate market listing for the continuing growth of the company. […]
The remarkable response to the COVID-19 pandemic by the UK life sciences sector, with the development of the Oxford-AstraZeneca vaccine in record quick time, brought the sector into the consciousness of the masses. In truth, UK life sciences has been a budding sector for years, with four of the top 10 universities in the world […]
Tritax EuroBox has acquired a logistics asset in the Rhine-Ruhr region of Germany for €32m, as it sets about deploying the proceeds of its recent equity raise. The asset, located in Gelsenkirchen, has a total gross internal area of 16,632 sqm and comprises three purpose-built logistics facilities located in the heart of the prime logistics […]
Urban Logistics REIT has acquired two assets for £15.1m at a 6.0% net initial yield (NIY). The assets include one income producing asset providing immediate additional revenue, and a forward funding development project. Around £50m of further investments are in advanced stages of contractual progress and are expected to be completed in the near term […]
Target Healthcare REIT, the care homes investor, delivered a net asset value (NAV) total return for the year ended 30 June 2021 of 8.8%. EPRA net tangible assets (NTA) was up 2.1% to 110.4p per share, while the group paid out dividends of 6.72p. The dividend (which was up 0.6% on 2020) was not fully […]
A new real estate investment trust (REIT) focused on the life science laboratories is looking to raise £300m in an initial public offering (IPO). Life Science REIT has announced its intention to launch on the Alternative Investment Market (AIM) of the London Stock Exchange through a placing, offer for subscription and intermediaries offer targeting the […]
Home REIT has deployed £166.4m of the proceeds raised in its £350m equity issue less than a month ago. The company has acquired 23 portfolios comprising 366 properties located across England and Wales and added a further 1,850 beds to the portfolio, bringing the total to 1,077 properties and just under 5,700 beds. The acquisitions […]
Investors looking for fresh ideas on where to invest their allocation to real estate could do worse than look at the nascent private rented sector (PRS) in the UK. PRS as an asset class is still at an embryonic stage in the UK (huge in the US and Germany) due to the hardened home ownership […]
Capital & Regional, the shopping centre REIT, has reached an agreement with its lenders to restructure and reduce the debt secured over four of its mall assets, including the launch of a fully underwritten open offer to raise £30m. The facility currently comprises a £265m debt with RBS and TIAA secured over the four mall […]
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