Assura has reached agreement on the terms of a recommended cash offer for the company by Kohlberg Kravis Roberts (KKR) and Stonepeak Partners. Under the terms of the acquisition, each Assura shareholder shall be entitled to receive 49.4p, comprising 48.56p in cash and a quarterly interim dividend of 0.84p. Together this represents 100% of Assura’s […]
Primary Health Properties has made an indicative cash and share proposal for Assura, based on a NAV for NAV exchange ratio. Under the terms of the combination, shareholders of Assura would receive 0.3848 new PHP shares and 9.08p in cash. PHP said it will make a mix and match facility available to Assura shareholders in […]
Urban Logistics REIT has announced the acquisition of two logistics assets for £21.1m, as it looks to demonstrate the strengths of its strategy amid an activist shareholder revolt. The assets in Liverpool and Leeds were bought at a blended net initial yield (NIY) of 7.34% and a blended reversionary yield of 7.64%. These were funded […]
The board of Urban Logistics REIT has urged shareholders to vote against all of the proposals made by Achilles Investment Company in its requisition request, as a war of words hots up between the two companies. Achilles has requested the immediate replacement of chairman Nigel Rich and director Heather Hancock as well as the removal […]
LondonMetric has agreed a deal to acquire TISE-listed Highcroft, a UK REIT which owns a portfolio of real estate assets weighted towards logistics (52%) and retail warehousing (27%). The recommended all-share offer will see Highcroft shareholders receive 4.65 new LondonMetric shares for each Highcroft share. On the basis of the closing price per LondonMetric share of 181.1p […]
The board of Warehouse REIT has announced that it would be minded to recommend Blackstone’s cash offer for the company. Blackstone made a final offer earlier this week at 115.0p per share, valuing the company at £489m. It said that it would engage in discussions with Blackstone in relation to terms and to allow Blackstone […]
SEGRO has announced plans to develop a £1bn data centre at Park Royal in west London. The company has formed a joint venture with Pure Data Centres Group, owned by Oaktree, to finance the development of a 56MW scheme. It said that it expects to pre-let the 30,000 sqm, three-storey building to a hyperscaler. Gross capital […]
Regional REIT’s annual results for 2024 highlighted both the severe headwinds the company is facing and the early effects of the turnaround strategy it has put in place. The numbers do not make for easy reading, with the EPRA net tangible assets (NTA) down just over 40% to 210.2p per share from its restated 2023 […]
Blackstone has made a final indicative all cash bid to the board of Warehouse REIT of 115.0 pence per share, valuing the company at £489m. This follows a proposal for the company of 110.5 pence in early March made by Blackstone and fellow US private equity company Sixth Street. The new indicative offer (which has […]
Harworth Group delivered a NAV total return of 9.1% over 2024, after seeing EPRA net disposal value (NDV) increase 8.5% driven by gains on development sites and land sales. Over the last five years the company has posted average annual returns of 8.4% against the MSCI All Property Index of 5.1%. EPRA NDV per share […]
