Workspace Group, the flexible office space provider, has reported tenant enquiry levels were 33% down on last year, in a quarterly business update. It said average monthly enquiries in the final quarter of 2020 (the third quarter of its financial year) was 672, versus 1,001 in the same period in 2019. Lettings, however, were at […]
Picton Property has reported a 3% rise in net asset value (NAV) in the quarter to the end of December 2020. The group, which owns a diverse property portfolio weighted towards industrial, said EPRA NAV per share was 95.5p at 31 December 2020, up from 92.7p at 30 September. NAV total return (including dividends paid) […]
BMO Real Estate Investments (BREI) has posted a 3.5% rise in its net asset value (NAV) for the quarter to 31 December 2020. The unaudited NAV was 98.1p per share (30 September 2020 : 94.8p), the increase driven by a 2.4% increase in the value of its property portfolio to £317.8m. With the 0.85p quarterly […]
Real Estate Investors, which owns a portfolio of property in the Midlands, collected 95% of rent in 2020, including agreed deferred payments. For the first quarter of this year it has collected close to 90%, including deferred payments. Portfolio update The group said occupancy on its 53-asset strong portfolio was 91.6% at 31 December 2020 […]
Warehouse REIT has collected 96% of rent for its financial year to the end of March 2021, it announced as part of a trading update. For the current quarter, it has received 95% of rent (including 3% that has been deferred). This, it said, was higher than the equivalent date for the previous three quarters. […]
LXI REIT has reported a 1.7% rise in the value of its long-income property portfolio in the quarter to the end of December 2020. The group said its portfolio had been independently valued at £907.25m. It said the increase was mainly down to its large exposure to the industrial and foodstore sectors, which are benefitting […]
Regional REIT collected 92.4% of rent for 2020, the company said in a market update. This increases to 95.5% when agreed monthly payments and collection plans are accounted for. This, it said, was in line with the 96.9% of rent collected at the same point for 2019. A breakdown of the quarterly rent collection rates […]
Home REIT, the recently launched fund that focuses on providing accommodation to the homeless, has acquired a further 171 properties for £69.5m. The acquisitions, in 11 separate portfolios, mean the company has now deployed £184m (or 78%) of the money raised in an IPO in October 2020. The properties, which add a further 798 beds […]
Sirius Real Estate, the owner and operator of German business parks, and joint venture partner AXA IM Alts have acquired the Sigma Technopark in Augsburg for €80m. The acquisition for the ‘Titanium’ joint venture was at a net initial yield of 6% and increases the size of the portfolio to €317m. The seven business parks […]
Supermarket Income REIT has acquired a Sainsbury’s and Waitrose supermarket for £64.8m, representing a 4.4% net initial yield. The Sainsbury’s store in Melksham, Wiltshire, totals 47,000 sq ft and includes purpose-built online fulfilment distribution docks, supporting online delivery. The lease length on the property is 17 years and comes with annual, upwards only, RPI-linked rent […]
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