LXI REIT has announced a 6% increase in its quarterly dividend having collected 97% of rents so far for the current quarter. The company, which owns a portfolio of long-let, index-linked property, has increased the dividend guidance to 1.44 pence per share for the quarter ending December 2020. It said the dividend is expected to […]
After years in the making, the International Property Securities Exchange (IPSX) could have its watershed moment. The first company announced its intention to float on the exchange this week, which if successful could signal a transformation in the way investors gain exposure to property assets. IPSX was established to enable the listing of individual properties […]
NewRiver REIT (NRR) has sold a 90% stake in a Northern Ireland retail park for £34.7m. The group has sold the stake in Sprucefield Retail Park, in Lisburn, to its joint venture partner BRAVO for a net initial yield of 9.0% and a 5% discount to its March 2020 valuation. NRR has now sold £50.4m of […]
Inland Homes has sold two build to rent schemes in its Centre Square and Buckingham House developments in High Wycombe for £52.8m. The brownfield developer and housebuilder has sold Centre Square, a 123-unit scheme, for £31.5m and Buckingham House, an 85-unit scheme, for £21.3m. The Centre Square sale has been structured so that £15.75m is paid upfront, with monthly […]
Newly formed single asset real estate company Mailbox REIT has announced its intention to raise £62.5m in an IPO and be the first company to list on the International Property Securities Exchange (IPSX). Mailbox REIT owns the Mailbox, a large prime office-led mixed use property in Birmingham that has been independently valued at £179m, and will […]
Schroder European REIT (SERE) has forward sold an office in Paris for €104m, delivering a net profit of 35% and increasing the company’s net asset value by 15%. The sale of the Boulogne-Billancourt office asset, which was originally acquired in 2016 for €37.5m, is structured as a forward funding, with the building being handed over to […]
Supermarket Income REIT announced its intention to raise £150m in a placing at an issue price of 104p per share, earlier this month. The issue price represents a discount of 6.3% to the closing price on 16 September 2020 and a 3% premium to its last reported NAV at 30 June 2020. The group’s investment […]
Aberdeen Standard European Logistics Income (ASLI) has reported solid half-year results with a net asset value (NAV) total return of 4.2%. The company, which owns a portfolio of 14 logistics assets across Europe, posted an unaudited NAV per share of €1.13 (103.0p), compared with the NAV per share of €1.11 (94.21p) at the end of 2019. […]
Ceiba Investments, the owner of Cuban commercial real estate, reported interim results today that saw net asset value fall 8.9% due largely to big valuation falls in its hotel properties. The company is debt free and its four-strong hotel portfolio is capitalised to the tune of $40m, which is more than enough to comfortably see […]
Ediston Property Investment Company (EPIC) has announced it has started construction of a retail park, in a vote of confidence for the retail sub-sector. The 48,000 sq ft retail park and petrol filling station in Haddington, East Lothian (near Edinburgh), is 97% pre-let to Aldi, Home Bargains, The Food Warehouse, Costa Coffee and Euro Garages. Construction […]
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