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05 Dec 2023
Residential Secure Income

Residential Secure Income reduces dividend target

In line with the wider real estate sector, Residential Secure Income’s annual results were impacted by the higher interest rate environment. EPRA net tangible assets (NTA) was 81.8p per share, delivering a total return of -18.1%. Portfolio value was down 10% on a like-for-like basis with an 80 basis points (0.8%) outwards yield shift, reflecting […]

05 Dec 2023
230818 EBOX Mango, Barcelona

Tale of two halves for Tritax EuroBox as values stabilise

It was a year of two halves for Tritax EuroBox, which reported a large fall in EPRA net tangible assets (NTA) over the year to 30 September 2023 driven by falls in the value of its portfolio in the first half of its financial year. The value of the group’s European logistics portfolio fell by […]

04 Dec 2023

Life Science REIT makes major letting at Oxford tech campus

Life Science REIT (LABS) has completed a major letting at its Oxford Technology Park asset to Oxford Ionics, an Oxford University spinout and pioneer in quantum computing. The letting for the entire Building 6A, comprising 29,661 sq ft of space sees Oxford Ionics (an existing occupier of the park) increase its footprint at the campus […]

01 Dec 2023

Life Science REIT disposes of Oxford asset to focus on large scale developments

Life Science REIT (LABS) has completed the sale of Lumen House in Oxford for £7.65m to Harwell Science and Innovation Campus, a joint venture between Brookfield and the UK Atomic Energy Authority together with the Science and Technology Facilities Council. The disposal price represents a 5.6% net initial yield and is 2% ahead of June […]

01 Dec 2023

Tritax EuroBox sells Swedish scheme at substantial premium

Tritax EuroBox (EBOX) has exchanged contracts for the sale of its redevelopment site in Malmö, Sweden to a data centre owner-occupier for a headline price of SEK320 million (€28m). The net sale price is 39% above the valuation as at 31 March 2023. EBOX acquired the property with the intention of redeveloping the site for […]

28 Nov 2023

Tritax EuroBox completes Italian job, fully letting Turin asset

Tritax EuroBox has agreed a second lease at its two-unit asset in Settimo Torinese, a prime logistics location near Turin, Italy. The new six-year lease has been secured with the same leading Italian logistics provider which signed a lease for the other unit in August 2023. The letting for the second unit (14,197 sqm) at […]

28 Nov 2023

Tritax Big Box REIT updates on sales progress

Tritax Big Box REIT has announced that it has sold six assets so far in 2023 for a total of £327m. These disposals were conducted at or above most recent valuations, the company said, and delivered a blended net initial yield of 4.34%. The announcement provided top line detail on the assets, but it appears […]

27 Nov 2023

abrdn European Logistics Income launches strategic review into future

abrdn European Logistics Income (ASLI) has launched a strategic review into the future of the company that could result in its sale or merger with another company. The company, which invests in mid-box and urban logistics real estate in Continental Europe, said that it is “facing a number of challenges, at both a macro and […]

24 Nov 2023

QuotedData’s weekly news update 24th November

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Richard Williams and Andrew Courtney covered the week’s top stories: NextEnergy Solar Fund NESF (0:34) The Autumn Statement (2:46) Sirius Real Estate (4:20) UK Commercial Property REIT/Picton (8:43) This week’s interview was […]

22 Nov 2023

LXI REIT agrees deal to sell Travelodge portfolio for £210m

LXI REIT is close to selling a portfolio of Travelodge hotels for £210m. The deal is under offer, with contracts in solicitors’ hands, on the sale of the 66 Travelodge hotels. The sale price of £210m is in line with current book value (as at 30 September 2023), the company said. If completed, the majority […]

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