Hammerson has continued its non-core asset sell off with the disposal of six properties for £92m. The group said the sales were in line with its strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. It has exchanged contracts to sell its 50% stake in Silverburn, a 100,000 sqm shopping centre near Glasgow, […]
Aberdeen Standard European Logistics Income (ASLI) has acquired a portfolio of ‘last mile’ urban logistics assets in Madrid for €227m, fully deploying the proceeds of its recent equity raise. The portfolio consists of four phases, with phases one to three comprising seven newly constructed logistics warehouses and phase four comprising one under construction logistics warehouse […]
Schroder European REIT has reported a NAV total return of 3.2% for the year to 30 September 2021. The group’s NAV was down 1.1% to 149.2 euro cents per share, due to a write down in the valuation of a shopping centre asset in Saville. The group paid a dividend of 7.12 euro cents and […]
Tritax EuroBox has posted a 10.7% uplift in EPRA net tangible assets (NTA) in full year results to 30 September 2021. The group’s EPRA NTA was €1.31 compared to €1.22 last year. The growth was mainly due to an increase in the value of its portfolio of 11.9% on a like-for-like basis, and more than […]
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 […]
