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29 May 2020

Is a central London powerhouse REIT on the cards?

Capital & Counties this week confirmed it was in talks to buy a 26.3% stake in rival West End landlord Shaftesbury in what would be the first steps in a long-mooted merger of the two groups. Capco, which owns huge swathes of Covent Garden, is in discussions to buy Hong Kong billionaire Samuel Tak Lee’s […]

29 May 2020

Urban Logistics REIT posts 4.6% rise in portfolio valuation

Urban Logistics REIT saw the value of its portfolio rise 4.6% on a like-for-like basis in the year to the end of March, as the sub-sector continues to perform strongly despite the impact of covid-19. The company reported a flat net asset value (NAV), of 137.9p per share, taking into account a £136m fundraise in […]

29 May 2020

Capco eyes up takeover of Shaftesbury

West End property landlord Capital & Counties (Capco) is in talks to acquire a 26.3% stake in rival Shaftesbury, potentially paving the way for a multi-billion pound takeover. Capco, which owns a vast chunk of Covent Garden, confirmed it was in discussions to buy the stake from Hong Kong billionaire Samuel Tak Lee following a […]

27 May 2020

British Land’s portfolio valuation plummets 10.1%

British Land has reported a 10.1% drop in the value of its property property as the covid-19 pandemic takes its toll on the group’s retail portfolio. For the year ending 31 March 2020, British Land’s portfolio valuation plummeted by £1.2bn, from £12.3bn to £11.1bn. The FTSE 100 REIT said that the drop was driven by […]

27 May 2020

Hammerson chief executive steps down

Hammerson chief executive David Atkins has stepped down from the role. Atkins will remain in position until spring 2021 at the latest, while the board conducts a search for his successor, the company announced today. Hammerson, which owns a portfolio of shopping centres, retail parks and outlet centres across the UK and Europe, has suffered […]

27 May 2020

Supermarket Income REIT buys stake in Sainsbury’s store portfolio

Supermarket Income REIT (SUPR) has acquired a 25.5% stake in a portfolio of Sainsbury’s supermarkets in a joint venture (JV) with British Airways Pension Fund. The JV has acquired the stake in the 26 stores from British Land for £102m. SUPR’s contribution to the JV is £51m, excluding costs, which will be satisfied from its existing […]

26 May 2020

AEW UK REIT sells car park and updates on covid-19

AEW UK REIT has sold its largest asset for £18.8m. The car park asset at Geddington Road, Corby, was acquired in February 2018 for £12.4m and is fully let to Gefco UK for just over one year. AEW UK said it had not invested any capital expenditure in the asset during its hold period, which has […]

26 May 2020

ASLI posts 6.1% jump in NAV

Aberdeen Standard European Logistics Income (ASLI) has posted a 6.1% jump in net asset value (NAV) for the first quarter of 2020. The company, which owns a portfolio of 14 logistics assets across Europe, reported NAV per share of 99.92p (112.7c) at 31 March 2020, up from 94.21p (111.0c) on 31 December 2019. The increase […]

22 May 2020

How will retail work in a post-covid world?

It was announced today that UK retail sales fell almost 20% in April as strict lockdown measures took hold. In the clothing retail sector, the impact of lockdown was even bleaker. Sales volumes plummeted over 50% when compared to March, which had already fallen by 34.9% on the previous month. With lockdown measures gradually being […]

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