Real estate landlords must be thinking ‘when are we going to catch a break?’ Or more to the point ‘when is the government going to give us a break?’ This week, in all his wisdom, communities secretary Robert Jenrick announced an extension to the ban on evicting commercial tenants until the end of the year. […]
Regional REIT reported a 10.2% fall in net tangible assets (NTA) in the six months to June 2020. The company, which owns a portfolio of office and industrial properties in UK regional markets, saw the valuation of its portfolio fall 4.3% in the period due to Covid-19 uncertainty. It has collected 94.1% of rents in […]
Schroder REIT has secured 13 new lettings or renewals across its portfolio. The group, which announced a share buyback programme last week, said the activity increased contracted rental income by £210,000 a year. The activity included: A new lease for a three year term to the Secretary of State for Housing, Communities and Local Government at […]
CLS Holdings has exchanged contracts to acquire a portfolio of commuter belt office properties for £59.71m. The portfolio consists of One Church Road, in Richmond; Priory Place, in Chelmsford; and Kings Court, in Leatherhead. One Church Road is located adjacent to Richmond Station, providing fast access to several commuter hubs including Clapham Junction and London […]
Alvarium Investments announced its intention to float Home REIT this week. Launching a new REIT during a global pandemic may have caused a few raised eyebrows among investors, but this is one we are particularly excited about. It was quickly apparent from reading the announcement that Home REIT is looking to tap into a sector […]
Secure Income REIT reported a 6% fall in property valuations in half-year results, mainly due to a 20.3% write down in the value of its budget hotel portfolio. The company is the biggest landlord to Travelodge, which secured a controversial CVA earlier this year that wiped millions off its rent bill. Secure Income REIT’s portfolio […]
UK Commercial Property REIT (UKCM) has fully let its 377,070 sq ft XDOCK377 logistics unit at Magna Park in Lutterworth to Armstrong Logistics, a pan-European distribution company. Armstrong Logistics has signed a 15.5-year lease with open market rent reviews at £6.50 per sq ft, in line with estimated rental value (ERV), which will add a […]
AEW UK REIT said it expects to collect 87% of rent by the end of the current quarter. The company, which owns a diversified portfolio of 34 regional UK commercial property assets, set out the following rent collection figures for the quarter commencing 24 June 2020 (as at 7 September): Received – 85% Payment expected prior […]
Alvarium Home REIT Advisors has announced its intention to launch an initial public offering (IPO) in Home REIT, a company focused on the alleviation of homelessness in the UK. Home REIT will target inflation-protected income and capital returns, by investing in a diversified portfolio of assets across the UK which will be dedicated to providing accommodation to the […]
RDI REIT has sold its UK retail parks portfolio for £156.9m. The six assets that make up the portfolio has been sold to M7 Real Estate for a net initial yield of 7.5%. The sale price was a 3% discount to February 2020 book value. The group said the deal, which is expected to complete […]
