In QuotedData’s morning briefing 14 February 2023: Regional REIT (RGL) says the vast majority (99%) of its office tenants have returned to the office, with a hybrid work pattern of three to four days in the office and one to two days at home the favoured combination. The company says its regional office portfolio, which comprises […]
Triple Point Social Housing REIT (SOHO) has said that it will implement a 7% cap on rental uplifts this year. The temporary one-year cap (which will end on 31 December 2023) is consistent with both the UK government’s 7% cap on social housing rent increases (Specialised Supported Housing that SOHO and Civitas Social Housing provide […]
Home REIT is being investigated for bribery by the National Crime Agency, according to reports. According to the reports in City AM and Investment Week, several documents have been handed over to the NCA, which is considering passing them on to the Financial Conduct Authority and the National Investigation Service (NATIS), which investigates serious organised […]
In QuotedData’s morning briefing 31 January 2023: Picton Property (PCTN) posted a 12.4% fall in NAV to 102.2p per share for the quarter to 31 December 2022, as property yields moved out in response to higher interest rates. The group’s diversified portfolio fell in value by 9.0% over the quarter to £758.9m (less than the […]
Embattled homeless accommodation provider Home REIT has suffered a further deterioration in rent collection with one of its tenants yet to pay rent for the quarter to 30 November 2022. Lotus Sanctuary, which represents 12.2% of the company’s overall rent roll providing 939 beds predominantly to vulnerable women, has suffered delays in the approval of […]
LondonMetric Property reports strong occupational activity in the logistics sector and the capture of significant rental growth across its portfolio. The company has undertaken 62 lettings, lease regears and rent reviews since 30 September 2022, adding £2.4m of annualised rent. This comprised: Lettings and lease regears on 24 assets, signed with a WAULT of 10 […]
Urban Logistics REIT has acquired five new assets for a total of £48m at a net initial yield of 6.0%. It has bought a portfolio of four assets for £39.5m at blended 6.1% net initial yield. All of the assets in the portfolio are immediately income producing but with short or medium term asset management […]
Home REIT’s investment advisor has hired a property manager to help the embattled homeless accommodation landlord to review its portfolio and recover rent arrears. Alvarium Home REIT Advisors has entered into an agreement with Simpact Group, a specialist social housing property manager, to “accelerate and further support the investment adviser’s ongoing asset management and monitoring […]
Supermarket Income REIT has acquired a further 25.5% stake in a portfolio of Sainsbury’s supermarkets for £196m, resulting in its ownership of the joint venture increasing to 51%. The company bought the stake in the joint venture portfolio of 26 stores from British Airways Pension Trustees Limited. The remaining 49% interest in the portfolio is […]
In QuotedData’s morning briefing 11 January 2023: PRS REIT (PRSR) provided a trading update for the quarter to 31 December 2022 in which it completed 57 new rental homes brining the company’s portfolio to 4,913 as at 31 December 2022. The delivery programme is around 85% complete, with 613 additional homes contracted and at various […]
