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 […]
Urban Logistics REIT (SHED) this week has announced another potential equity raise, having already invested all the proceeds of its £136m placing from March 2020. The news underlines the polarisation we are seeing in the property market, with other sectors such as retail and offices struggling in the face of uncertain futures. As many of […]
The debate around the future of the office continues to rage. It was reported today that the government is likely to set about on a campaign to get people back to the office. If the economy is going to bounce back quickly, cities like London, Manchester and Birmingham buzzing with office workers will certainly help. […]
The conundrum of what to do with the vast amount of vacant space in shopping centres has been staring landlords in the face for years. The solution has been mulled over countless times by the biggest landlords, but a deal to convert space left over by ailing department stores into logistics space has yet to […]
Grit Real Estate Income Group has released an update on rent collection figures for the period March to July 2020, for which 85.4% of rent has been received. The pan-African real estate investor said the figure includes pre-paid rent that was collected in the period – 77.4% without it. Short-term concessions amounted to 7.9% of […]
On the same morning that the farcical A-level results were announced this week, student accommodation specialist Empiric Student Property released half-year numbers that revealed bookings for the upcoming academic year was at 65%, compared to 85% at the same period last year. On first look that does seem a startling drop, but given the disruption […]
NewRiver REIT has said it has collected 60% of rent for the quarter ended June 2020 with a further 20% deferred or re-geared. The company, which owns a portfolio of retail and pub assets, added that 1% of rent for the period had been waived and 19% was still outstanding. NewRiver also updated on its […]
A decline in international student bookings has left Empiric Student Property with just 65% of rooms booked for the 2020/21 academic year, compared to 85% at the same point last year. The company, which owns 95 student accommodation properties across the UK with 9,401 beds, reported half-year results today in which EPRA net asset value […]
Care home investor Impact Healthcare REIT has reported growth across all metrics in half-year results to the end of June. The group saw its net asset value (NAV) increase slightly to 107.17p per share (Dec 2019: 106.81p), with its portfolio now valued at £346m (Dec 2019: £318.8m). Its contracted rent roll has grown to £29.5m […]
London office landlord and developer Helical has said it expects to collect between 90% and 95% of rent this quarter. As at 22 July 2020, the group collected 77.3% of the June quarter rent, with agreements in place for a further 13.6% to be paid in installments in the period leading up to the September […]
