Saba has set its sights on a new target – rental property landlord Grainger (GRI). It echoes its campaign at fellow London-listed REIT Workspace Group (WKP), where it has requisitioned to replace the board with its own nominees and push ahead with a managed wind down. Both companies have attracted the attentions of the US […]
Real estate big hitters were among the best performers in May, regaining more of the losses sustained over the past few months of uncertainty. Best performers in price terms (%) Unite Group 11.4 Ground Rents Income Fund 7.4 Land Securities 6.4 Hammerson 4.7 British Land 4.7 Macau Property Opportunities 4.7 Target Healthcare REIT 4.6 […]
Gresham House Energy Storage Fund (GRID) has signed a sale and purchase agreement for the conditional acquisition of a 480MW battery project near Rayleigh, Essex. This increases GRID’s pipeline of projects from 694MW to 1,174MW. Once built, Rayleigh will be almost five times the size of GRID’s currently largest operational project, Melksham (100MW) and twice […]
Workspace Group (WKP) has received a revised requisition from Saba Capital Management (which has interests of around 21.12% in the company) requesting the removal of all six board members to be replaced by its nominees. It had initially sought the removal of five of the six directors in a requisition notice earlier this month, but […]
Given that real estate values are inversely correlated to interest rates, it is no surprise that the sector was among the poorest performers following the outbreak of war in Iran. March 2026 ranks among the worst single month performances by real estate equities in recent times – sitting alongside March 2020 (Covid) and September 2008 […]
Real estate stocks rebounded 3.5% on average in April following a rout in March caused by the conflict in the Middle East. London office developers dominated our list of risers, while an eclectic mix of companies made the list of fallers. Best performers in price terms (%) Hammerson 11.7 Value & Indexed Property 11.6 […]
The Iran war brought a grinding halt to the momentum that had been building in the real estate sector since the budget last November. Higher oil prices and inflation mean that interest rate rises are now likely, having been on a comforting downward trajectory for so long. As with the broader investment company market, double-digit […]
Covid, Ukraine, interest rates, tariffs, Iran. Sadly, geopolitical and macroeconomic shocks have become the norm, and uncertainty has become one of the few constants. For sectors that crave a stable outlook, the past six years have resembled a botched rollercoaster, with many scary drops and few reassuring climbs. That has certainly been the case with […]
Real estate had extended its strong performance in February with a median share price uplift over the month of 1.8% and 4.3% over the first two months of the year. That came crashing down at the start of March with war raging in the Middle East. There is a growing prospect that the conflict could […]
After a fresh layer of instability was added to an already uneasy global geopolitical landscape last weekend, the moment has arrived for the more defensive investment companies to come into their own. As bombs continue to rain down on Iran and retaliatory strikes are felt across the Middle East, fears are growing that the war […]
