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 […]
We like a contrarian investor and one that will put its money where its mouth is. Well, step forward Regional REIT. The trust this week bought a £236m portfolio of regional offices (growing the size of its portfolio by more than a third) at a time when most are shying away from the sector with […]
Regional REIT has acquired a portfolio of 31 multi-let offices for £236m. The group, which recently changed its investment strategy to be purely focused on UK offices, said the consideration to be paid to the vendor (Squarestone Growth LLP) will be satisfied by three components: the issuance of 84,230,000 new ordinary shares in the company at […]
Home REIT, which invests in a portfolio of accommodation for the homeless, is looking to raise £262m from a placing. The group has fully deployed the net proceeds of its £240m IPO in October 2020 and over 70% of its £120m debt facility, establishing a £328m portfolio providing more than 3,800 beds for homeless people across […]
Responsible Housing REIT announces intention to float, looking to raise up to £250m to invest into supported housing accommodation across the UK. Managed by BMO Real Estate Partners, part of BMO Global Asset Management, the REIT said it would aim to address a lack of available, quality accommodation catering for supported residents across a number of care […]
Ediston Property Investment Company has acquired Springkerse Retail Park, Stirling, for £21.85m, reflecting a net initial yield of 9.54%. The group has bought the 162,593 sq ft retail park from the proceeds of its sale of a Tesco supermarket, with the net operating income from the new acquisition 35% higher than the rent received from Tesco, […]
Shaftesbury, which owns a 16-acre portfolio in London’s West End, has reported a significant reduction in vacancy in a trading update as footfall and trading recover. The group said vacant available-to-let space across its portfolio of retail, hospitality, leisure and offices was down to 4.6% at 31 July (from 8.4% at 31 March). This decreased […]
August has traditionally been a quiet month for property investment deals, as fund managers recharge their batteries ahead of a customary bumper final quarter of the year. Not this year, seemingly, with several high-profile deals going through in the last couple of weeks. For instance, LondonMetric sold a ‘big box’ warehouse for £102m earlier this week […]
LXi REIT has acquired three long-let property assets for a total of £80m, reflecting an accretive 5.25% average net initial yield, as it deploys the proceeds of its £100m equity raise in July. The three assets – a biotech campus in York, TV studios in Glasgow and a recycling facility in Aberdeen – have a […]
Aberdeen Standard European Logistics Income (ASLI) has reported an uplift in net asset value (NAV) in the quarter to 30 June 2021. The group posted a 1.6% increase in NAV to 123.6 euro cents (2.4% in pound sterling to 106.1p), which reflected a NAV total return of 14.7% in the year to 30 June 2021. […]
