AEW UK REIT posted a marginal fall in its net asset value (NAV) for the three months to the end of December 2019 The company, which owns a diversified portfolio of 35 regional UK commercial property assets, reported NAV of 97.24p per share for the quarter, a decrease of 0.1% on September’s NAV of 97.36p per share. The […]
Workspace Group reported an increase in enquiries and lettings for the fourth quarter of 2019 despite the increased political uncertainty leading up to the general election. The company had 1,001 enquiries per month in the three months to the end of December (up from 907 in 2018) and made 113 lettings per month (2018: 98) […]
London property developer Helical has let the final floor of The Tower office scheme, near Old Street, taking the building to 100% let. Brilliant Basics, an Infosys Company and existing occupier, has taken the 11,331 sq ft 15th floor on a five-year lease, taking its total footprint to 40,479 sq ft across four floors as […]
The PRS REIT has provided an update for the three months to the end of December 2019 during which it completed 256 new rental homes bringing its total portfolio to 1,617 homes. The new homes will contribute £2.6m per year to the company’s rental income, increasing its annualised rental income to £14.9m. The group said demand […]
Assura, the investor and developer of primary care property, announced a trading update for the third quarter ending 31 December 2019 in which it made six acquisitions and completed its third development of the year. The company now has a portfolio of 563 properties that produces an annual rent roll of £105.8m. The six acquisitions competed […]
Great Portland Estates has exchanged contracts to sell a central London office let to Kurt Geiger for £64.5m. The sale of 24/25 Britton Street, which is located in the City fringe area, to an overseas investor reflects a net initial yield of 4.07% and a capital value of £1,255/sq ft. It was also sold at […]
CLS Holdings, the UK, France and Germany focused property company, has exchanged contracts to acquire an office building in Staines for £19m. It has bought ‘TWENTY’ Kingston Road, which comprises 44,230 sq ft of grade A, multi-let office space, for a net initial yield of 5.3%. The asset is currently let to four tenants with a WAULT […]
Regional REIT has acquired an office asset in one of Scotland’s premier business parks for £10.3m. The office asset comprises 43,676 sq ft over three floors, currently 100% let to John Menzies, an international aviation business and one of Scotland’s largest companies. The current contracted rent of £880,000 a year provides a net initial yield […]
CLS Holdings has sold a portfolio of government-let regional offices in the UK for a total of £65m to Elite Capital Partners – a Singaporean investment firm. The 19 offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset management potential. The group […]
Symphony International Holdings has entered into binding agreements to sell land at the Niseko ski resort, in Japan, and form a new joint venture to co-develop part of the land with Hanwha Hotels & Resorts. As initally announced on 30 August 2019, Niseko Property Joint Venture (NPJV), which Symphony holds a 37.5% interest in, will sell […]
