Begrudgingly, I find myself writing about REIT M&A – yet again! After years of heightened activity, which has seen the universe shrink to 39 companies (excluding those in managed wind-downs) from 82 five years ago, I was hoping that I would be able to discuss some brighter topics. But the first few weeks of 2026 […]
International Public Partnerships (INPP) has sold a 49% stake of its investment in the Moray East Offshore Transmission Owner (OFTO) to Daiwa Energy & Infrastructure Co for around £42m. The sale price is at a premium to book value, with the transaction expected to complete in the first quarter of 2026. INPP will retain a […]
Digital 9 Infrastructure (DGI9) has completed the sale of its Atlantic and Irish Sea subsea fibre business, Aqua Comms, for £34.0m. This represents a monumental loss of value to shareholders, with it once being valued at $283m. We covered this in detail when the sale was first announced in January 2025, which can be read […]
The board of Edinburgh Worldwide (EWI), which was requisitioned by Saba in November, has published an open letter to the US hedge fund requesting it provides shareholders full transparency on its plans for the company ahead of a vote in January. It comes after Saba published a presentation yesterday (Monday) reiterating its calls for the […]
Geiger Counter (GCL), the specialist uranium investment company, was buoyed by global recognition of nuclear’s role in future electricity generation, returning 32.9% in NAV terms over the year to 30 September 2025. Its share price kept pace, meaning its discount to NAV remained stubbornly wide at 17.4%. GCL’s manager says that a renewed global push […]
Continuing a tough year for its portfolio of growth stocks, BlackRock Greater Europe Investment Trust (BRGE) saw its NAV decline 3.4% in November and its share price drop 3.9% compared to the Europe ex UK market, which returned +0.7% during the period. The largest detractor centred on concerns around an AI bubble, with semiconductor companies […]
Supermarket Income REIT (SUPR) has continued its spending spree splashing out almost £100m on three UK supermarkets. The company, which recently bought a portfolio of Carrefour stores in France and scaled up its Blue Owl joint venture with the £196m acquisition of 10 Asda stores, today announced the purchase of a trio of supermarkets in […]
Regional REIT (RGL) has agreed a three-year extension to debt facility that matures in August 2026. The facility was originally £128.0m, but has been reduced to £72.4m through the use of proceeds from property disposals. The margin on the facility remains unchanged and existing hedging will stay in place until August 2026, at which point […]
Nervousness in the lead up to the budget saw real estate share prices drift over much of the month, before recovering in the days following the announcement, ending the month at a median fall of just 0.2%. Meanwhile, the crisis deepens at Macau Property Opportunities (MPO) with its share price plummeted after failing to garner […]
This budget will probably be remembered for two things – obviously the bizarre early release by the OBR but also the, almost as perplexing, plans for a mansion tax. It was packed with short-term political manoeuvring that sadly took precedence over long-term growth initiatives, but there were a couple of positive spots. Reforming the ISA […]
