LondonMetric and Urban Logistics REIT have reached agreement on the terms of a recommended cash and share offer in which LondonMetric will acquire Urban Logistics for £698.9m. Each Urban Logistics share will be entitled to receive 0.5612 new LondonMetric shares and 42.8p in cash. On the basis of LondonMetric’s closing price of 191.5p, the acquisition values […]
In an investor update ahead of its AGM today, Tritax Big Box REIT has said that it has made good progress with its data centre development near Heathrow – with non-disclosure agreements (NDAs) signed with several potential pre-let occupiers including hyperscalers and co-locators. Planning consent for the 107 MW data centre development at Manor Farm, […]
Phoenix Spree Deutschland, which is undergoing a portfolio realisation programme, reported an uplift in the value of its portfolio over the year to 31 December 2024 – the first since 2022. On a like-for-like basis (adjusted for disposals), the value of its Berlin residential portfolio rose 0.8% in 2024 and 3.2% in the second half […]
Very few pockets of the investment universe have escaped the tariff turmoil, but could the real estate sector prove a safe haven while volatility and uncertainty prevail? With global markets sent into a tailspin following “Liberation Day” in early April – when the US president imposed penal, “reciprocal” tariffs on every nation in the world, […]
Supermarket Income REIT (SUPR) has entered into a strategic joint venture (JV) with funds managed by Blue Owl Capital, a leading US alternative asset manager. The JV has been seeded with eight high yielding, omnichannel supermarket assets from SUPR’s existing portfolio, which have been transferred into the JV at a 3% premium to book value […]
Life Science REIT reported a 6.9% fall in EPRA net tangible assets (NTA) in annual results for 2024, laying bare the company’s struggles that led to its board launching a strategic review and putting it up for sale. EPRA NTA at the end of 2024 was 74.4p, down from 79.9p at the end of 2023, […]
LondonMetric Property has made a proposal to acquire Urban Logistics REIT, valuing the company at £674m. The proposal, made on 13 April, consists of new shares in LondonMetric based on an adjusted EPRA net tangible assets (NTA) for adjusted EPRA NTA exchange ratio plus a fixed amount in cash. Under the terms of the proposal, […]
Urban Logistics REIT has announced that it has received a preliminary, indicative proposal from LondonMetric Property regarding a possible offer for the company. The board said that it was reviewing the proposal with its advisers, adding that there can be no certainty that any offer will be made nor as to the terms of any […]
Helical has sold City of London office development 100 New Bridge Street to an unnamed S&P 500 company (thought to be investment bank State Street) for £333m. The 195,000 sq ft office will become the company’s new London headquarters, with the purchase price reflecting a 5% yield. Helical owns the site in a 50/50 joint […]
LondonMetric Property has forward-funded the acquisition of a pre-let M&S logistics warehouse in Bristol for £74.0m, reflecting a NIY of 5.65%. The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI. The highly specified warehouse is being developed by Epta […]
