Secure Income REIT has announced it has collected 98.6% of rents due for the first quarter of 2021. The company said this included rent due from Alton Towers owner Merlin Entertainments, following the end of their six month rent deferral period, and the new contractual rents agreed with Travelodge. The deferred rent from Merlin for […]
Sirius Real Estate, the owner and operator of business parks in Germany, has completed the acquisition of three assets totalling €26m, signalling a return to acquisitive growth for the company after holding back whilst assessing the impact of COVID-19. The acquisitions are in Norderstedt, Hamburg for €9.1m, Nuremberg for €13.7m and Mannheim for €3.2m. They generate […]
Retail park investor and developer Ediston Property Investment Company has delivered a net asset value (NAV) total return for the year to 30 September 2020 of -16.6% as COVID impacts the value of its properties. Operationally, the year was a strong one despite the effects of the pandemic. The group carried out eight asset management […]
The impact of the COVID-19 pandemic on London’s West End was laid bare in Shaftesbury’s full year results, which saw net asset value (NAV) fall 24.3%. The company, which owns a 16-acre portfolio of assets in London’s West End including Carnaby Street, posted an EPRA NAV of £7.43 per share at 30 September 2020 (2019: […]
Grit Real Estate Income Group, the pan-African real estate company, has reported a big drop in net asset value (NAV) as a result of the impact of COVID-19 on its retail and hospitality properties. The group’s NAV per share for the year to the end of June 2020 was US$1.186 compared to US$1.471 at June […]
SEGRO has acquired a controlling stake in Euronext Paris listed company Sofibus Patrimoine, which owns a portfolio of urban logistics assets in Paris. SEGRO already owned a 19.5% stake in the company and today has bought a further 74.9% for €178.6m – valuing the company at €238.5m. When the transaction completes SEGRO will own 94.4% […]
Tritax EuroBox, the Continental European logistics investor, has let 25,607 sqm of logistics space in Breda, the Netherlands, to Samsung SDS, the IT arm of Samsung Group. The lease, which has been agreed for a three-year term subject to annual CPI uplifts reflecting 100% of the Dutch Consumer Price Index, includes green clauses that ensure the […]
Aberdeen Standard Investments has put its considerable backing behind the logistics real estate sector with the acquisition of Tritax Management. The deal to buy a 60% stake in Tritax and putting it in charge of global real estate logistics, is both a clear sign of the attractiveness of the sector and is testament to the […]
Aberdeen Standard Investments (ASI) is set to acquire a 60% interest in Tritax Management, the fund manager behind Tritax Big Box REIT and Tritax EuroBox. The move by ASI comes as it looks to strengthen its offering in the growing logistics real estate market. Tritax specialises in logistics and has around £5.1bn assets under management […]
Land Securities has acquired a City of London office building for £87m, reflecting a net initial yield of 4.1%. The company has bought 55 Old Broad Street, EC2, which comprises 100,000 sq ft, from PGIM Real Estate. The 10-storey building wraps around Land Securities’ City office tower Dashwood and is located a two minute walk […]
