The retail Armageddon took another sobering twist this week, with the liquidation of department store Debenhams and former high street fashion kingpin Arcadia Group going into administration. The headline numbers are shocking, the main one being that around 25,000 jobs are at risk. From a property point of view, the double collapse could see up […]
Tritax EuroBox will acquire assets earlier in the development process as it refines its acquisition strategy to a more value-add approach. The company said the move would “support the delivery of secure and attractive dividends and capital growth for shareholders”. As well as buying sites at an earlier stage in their development, it will also […]
St Modwen Properties has continued to ramp up development of industrial and logistics assets, as it looks to take advantage of occupier demand in the sector. In a trading update this morning, the company said it had completed 1.2m sq ft of developments in the sector this year, an increase on the 0.9m sq ft […]
Tritax EuroBox has acquired an asset in Belgium for €31.2m, bringing the group to full deployment of equity and debt. The newly built 34,125 sqm logistics facility in Nivelles, south of Brussels, comprises two units (one of 18,140 sqm and the other 15,985 sqm) and will be bought from Logistics Capital Partners, a European developer and […]
Custodian REIT posted a 6.3% drop in net asset value (NAV) in interim results today as the COVID-19 pandemic continued to impact its portfolio. The company reported a NAV per share of 95.2p (March 2020: 101.6p), after a 5.1% fall in the value of its property portfolio during the six months to the end of […]
Civitas Social Housing has posted a solid set of interim results in which most metrics saw positive moves. Its IFRS net asset value (NAV) per share nudged up slightly to 108.01p in the six months to the end of September (March 2020: 107.87p). The group’s property portfolio was valued at £898.5m, up 6.77% on last […]
It is that time of year again – Black Friday. The US export has quickly become one of the biggest shopping days in the UK. But with shops closed due to lockdown, it will almost entirely take place online this year. It is estimated that £6bn will be spent on Black Friday this year versus […]
NewRiver REIT reported another drop in the value of its portfolio but said it intends to pay a full year dividend in 2021. The group saw its EPRA net tangible assets (NTA) per share drop from 201p in March to 171p in September, mainly due to an 8.2% valuation decline in its portfolio to £1,058m. Pre-tax […]
London office developer and landlord Helical has posted a 3.2% fall in net asset value (NAV) for the six months to the end of September. NAV for the half-year came in at £579.2m, compared to £598.7m at the end of March, with EPRA net tangible asset per share down 3.6% to 505p (March 2020: 524p). […]
LXI REIT has reported a 2.9% fall in EPRA net tangible assets (NTA) in half-year results, as the value of its hotel and leisure portfolio took a hit during the pandemic. The company, which specialises in inflation-protected long income real estate, posted an EPRA NTA of 120.8p at 30 September 2020, compared to 124.3p at […]
