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 […]
AEW UK REIT reports a 3.2% increase in net asset value (NAV) in the quarter to the end of December 2020. The value of the group’s portfolio notched up 3.4% to £182.65m, which was behind the rise in NAV from 92.73p to 95.87p. The company maintained its dividend for the quarter of 2p per share, […]
This week saw the seventh change in chief executive of a listed property company since the start of the pandemic. Regeneration specialist U and I Group (UAI) parted ways with Matthew Weiner, who had held the role for six years and been at the company for more than 20, and replaced him with chief development […]
NewRiver REIT has updated on its rent collection figures and reported a collection rate for the current quarter of 70%. This, it said, was tracking ahead of previous quarters at the same number of days after billing, which have now seen 82% collected for the fourth quarter of 2020, 83% for the third quarter and […]
Aberdeen Standard European Logistics Income (ASLI) has reported a 6% increase in the value of its portfolio over the quarter to the end of December 2020. The company’s portfolio of 14 continental European logistics assets are now worth €430.2m, up from €405.7m at September 2020. The group said net asset value (NAV) at 31 December […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated