Urban Logistics REIT has announced an Initial Placing, Offer for Subscription and Intermediaries Offer targeting gross proceeds of £200m at a price of 170 pence per share. Having fully deployed or committed £134m of capital following the company’s £108m July fundraising, the manager has identified a further pipeline of high quality, last mile logistics assets, […]
Tritax EuroBox has agreed a deal to fund the development of an €117.9m logistics asset in the Rhine-Ruhr region in Germany. The development, in Bönen, will comprise 66,065 sqm of space and is pre-let to the Rhenus Warehousing Solutions SE & Co KG, one of the leading global logistics service providers, on a 15-year lease. […]
Urban Logistics REIT has posted a 7.9% increase in EPRA net tangible assets (NTA) in interim results, boosted by strong demand for last mile logistics facilities. In the six months to September 2021, the group’s EPRA NTA leapt from 152.33p to 164.30p per share. This was mainly due to portfolio like-for-like valuation growth of 11.3% […]
Home REIT has posted a 7.2% increase in NAV in its maiden annual results. The NAV and EPRA net tangible asset (NTA) per share increased to 105.0p at 31 August 2021, an increase of 7.2% from the 98.0p (after share issue expenses) at the time of the company’s IPO in October 2020, reflecting the discount […]
Civitas Social Housing’s net asset value (NAV) has nudged up slightly in the quarter to 30 September 2021. The group reported an IFRS NAV of 108.49p (up from 108.42p on 30 June 2021). New investments have been limited to just one in the quarter, mainly due to an attack on the company by an activist […]
Sirius Real Estate, the German business park owner, has announced a proposed capital raise of £135m to part fund the acquisition of UK flexible workspace provider BizSpace for £245m. Sirius said it believes the acquisition of BizSpace “represents a highly attractive and strategically important opportunity that allows Sirius to enter, at scale, an under-served wider […]
Here at QuotedData we like a company that takes the bull by the horns and gets on with things. So it was good to see two significant announcements this week from Land Securities (Landsec) that certainly shows courage in their convictions. As we reported this week, Landsec announced it had agreed to takeover listed regeneration […]
Industrials REIT has acquired three multi-let industrial (MLI) estates, as it nears its target of being a fully focused MLI REIT by 31 March 2022. The three estates, in Birkenhead, Coatbridge, and Stockton on Tees, have been purchased in separate transactions for a total consideration of £18m, reflecting a blended net initial yield of 7.1% and […]
Urban Logistics REIT has acquired three assets for a total of £29.0m at a blended net initial yield (NIY) of 6.7%, as it continues deployment of its recent equity raise. The assets include two income producing assets providing immediate additional revenue and the forward funding of a development project. As a result Urban Logistics has […]
Derwent London has exchanged contracts to acquire Conoco House and Quadrant House at 230 Blackfriars Road, SE1 in Southwark, for £55.0m. It has bought the 100-year leasehold interest in the property, where the ground rent is fixed at £5,000 per annum. Conoco House, a 1970s office building comprising 60,300 sq ft, is multi-let at a […]
