Supermarket Income REIT (SUPR) has reported impressive full-year results, posting net asset value (NAV) total return of 12.8% for the year to 30 June 2021. The uplift in NAV (EPRA net tangible assets – NTA) of 7% to 108p per share was primarily due to an 8.5% like-for-like growth in the value of its property […]
Urban Logistics REIT has deployed £88m of the £109m it raised in July in six off-market transactions. The blended net initial yield (NIY) was 5.4% and is made up of a combination of income producing assets and forward funding commitments. Separately a further £15m was deployed before this equity raise, in three transactions. The manager […]
Supermarket Income REIT has acquired six supermarkets for a total of £113.1m, reflecting a combined net initial yield of 4.6%. Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool. The Tesco in Prescot, Merseyside […]
Interim results tend to be quite placid affairs – giving a good update on performance and market commentary but not much else. This week, however, property development specialist Harworth Group bucked the trend by outlining its intentions to double in size to more than £1bn over the next five to seven years. Chief executive Lynda […]
Tritax EuroBox has announced the forward funding of a new logistics asset near Stockholm, Sweden, for €27.9m. The deal marks the company’s second acquisition in Sweden. The 13,181 sqm logistics facility, located just north of Stockholm, consists of two separate units of 8,204 sqm and 4,977 sqm, which will be constructed between November 2021 and December […]
Civitas Social Housing has been the subject of negative press over the weekend. The Sunday Times reported that ShadowFall – an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price – has a short position in […]
As the commercial real estate sector gets to grip with reducing its large carbon footprint (it contributes around 30% to 40% of global emissions), a small listed property trust made a market leading and potentially game changing investment this week. The £275m market cap Standard Life Investments Property Income Trust (SLI) bought 1,447 hectares of […]
Tritax EuroBox is looking to raise £170m (€200m) to acquire further assets, after also announcing today that it will forward fund a logistics development in the Ruhr region of Germany. The proposed placing of 152.5 million shares will be at an issue price of 111.5 pence, representing a discount of 3.0% to the closing share […]
Standard Life Investments Property Income Trust (SLI) has acquired land that will be used to offset carbon emissions from its portfolio, in a first for the property sector. The 1,447 hectares of upland rough grazing and open moorland in the Cairngorm national park has been purchased for £7.5m. The site supports 956 hectares for planting […]
LondonMetric Property has acquired three urban logistics warehouses for £35.4m in separate transactions, reflecting a blended net initial yield (NIY) of 4.4% and a reversionary yield of 4.9%. The properties generate a combined rent of £1.7m a year with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses have a […]
