Central London office developers and owners Great Portland Estates and Helical have announced rent collection levels for the final quarter of 2020. Great Portland Estates Great Portland Estates, which has developed and owned some of the best located offices in the capital, has received 65% of rent due for this quarter. The majority of the […]
There has been much debate about the future of the office, most of which has been conjecture and speculation. But finally, there is some actual concrete transactional evidence that points to a brighter future for the central London market than most have portrayed. International investors, always the bellwether for the health of the central London […]
The two listed real estate giants – British Land and Land Securities – both published rent collection figures today that sum up the division in the property market. Both companies own London offices as well as large retail portfolios. On the offices front, both received a large majority of rent billed for the final quarter […]
A plethora of real estate companies have posted encouraging rent collection figures for the current quarter (payment day for which is typically on or around 29 September). Here we have rounded up the announcements. Urban Logistics REIT Urban Logistics REIT announced it had collected 99% of rent due for the quarter to December, with the remaining 1% […]
Home REIT has raised just over £240.5m from its initial public offering (IPO). The company, that will invest in a portfolio of homeless accommodation across the UK, will trade on the premium segment of the main market of the London Stock Exchange on 12 October 2020. It is targeting inflation-protected income and capital returns through the […]
Sirius Real Estate, the owner and operator of business parks in Germany, has provided a strong trading update for the six months April to September. The highlights includes collecting 97.2% of rents in the period, letting enquiries up 17.4% on the same period in 2019, a 1.1% like-for-like increase in average rent to €6.03 per […]
Care home investor Target Healthcare REIT has reported a net asset value (NAV) total return for the year to 30 June 2020 of 7.0%. The group posted a 0.6% increase in EPRA NAV per share to 108.1p. Its dividend for the year grew 1.5% to 6.68p and it is proposing a further 0.6% increase for […]
PRS REIT has continued its good progress, despite the COVID-19 pandemic disrupting delivery on new private rented homes. The group posted a 12% increase in profit after tax to £16.4m in the year to 30 June 2020. It added 909 new rental homes in the year (2019: 768) to take the portfolio at the year […]
Alternative Income REIT (AIRE) has announced its intention to amend its investment policy following a review of the business by new investment adviser M7 Real Estate. M7’s review concluded that AIRE’s investment policy should change so that it can take advantage of investment opportunities in the market “at an attractive entry yield that are expected […]
Regional REIT has acquired two offices, in Swansea and Bristol, for £10.2m at a combined net initial yield of 10.1%. The group, which owns a diverse property portfolio in regional UK locations, has bought Waterside Business Park in Swansea and 2410 Aztec West in Bristol. Combined, the assets have a weighted average unexpired lease term (WAULT) to […]
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