Life Science REIT, the recently launched real estate investment trust focused on UK life science properties, has completed its maiden acquisition with a £77m purchase in London. The group, which raised £350m in an initial public offering (IPO) in November, has bought Rolling Stock Yard, a nine-storey office and laboratory building near London’s St Pancras […]
Residential Secure Income, which invests in independent retirement living and shared ownership property, has reported a net asset value (NAV) total return for the year to 30 September of 7.5%. In a positive set of annual results, the group also posted strong income and capital growth. Highlights included: EPRA adjusted earnings up 42%, to £7.1m […]
West End landlord Shaftesbury has resumed final dividend payments after reporting a “remarkable bounce back in activity” across its portfolio. The group, which owns retails, hospitality and office space in the heart of London’s West End, has been heavily impacted by the pandemic, but its chief executive Brian Bickell said in its annual results that […]
Tritax EuroBox has acquired a logistics facility in northern Italy for €49.65m. The asset, in Piacenza, comprises two units that were constructed in 2016 and 2020 with a total gross internal area of 47,800 sqm. The units are let on two separate leases to OVS SpA, an Italian fashion brand which uses the property as […]
The market doesn’t normally take kindly to potentially NAV dilutive capital raises but in the case of Grit Real Estate Income Group, which announced this week a proposed open offer and placing to raise up to $215.6m, we feel it is justified. The pandemic has heavily impacted the value of the company’s portfolio, which is […]
In QuotedData’s morning briefing on 25 November 2021: Seraphim Space (SSIT) has made a new $12.5m investment into Astroscale Holdings, the market leader in satellite servicing and long-term orbital sustainability across all orbits. Astroscale closed a $109m series F round which was led by THE FUND Limited Partnership in Japan and backed by a group […]
Schroder Real Estate Investment Trust has acquired a portfolio of four industrial assets in the north west of England for £19.85m, reflecting a net initial yield of 6.9%. The portfolio acquisition, to be funded by drawing on the revolving credit facility, generates rental income of £1.45m per annum. The acquisition increases the group’s industrial weighting […]
Grit Real Estate Income Group, the pan-African property investor, has announced a proposed open offer and placing to raise $215.6m. It is looking to place up to 414,647,283 new ordinary shares at US$0.52 per share, the open offer being on the basis of 1.3011 new ordinary shares for every one existing share. The group intends […]
LondonMetric has announced a proposed fund raise of £175m, through a placing and retail offer (through PrimaryBid), to fund a pipeline of logistics acquisitions. The company said that it intends to use the proceeds of the raise, the price of which has yet to be determined, to acquired committed and under offer deals that total […]
Tritax EuroBox has agreed a new lease on a vacant unit at its Nivelles asset in Belgium to Associated Retail SA (trading as Match Supermarkets), the convenience supermarket group located across Belgium, Luxembourg and northern France. The Nivelles property, comprising two separate logistics units, was acquired by the company in January 2021, immediately after completion […]
