Secure Income REIT posts impressive half-year results – that included a 3.4% uplift in net asset value (NAV) per share and a total shareholder return of 8.2%. The company, which invests in long-term index-linked income producing property, reported adjusted earnings per share of 8.1p for the six months to 30 June 2019, a 30.6% jump […]
Target Healthcare adds to portfolio – Care home investor Target Healthcare has acquired two new properties for £18.6m. It has bought assets in Ripon, Yorkshire and Stourport, West Midlands, with both meeting the group’s strict investment criteria of being modern, well equipped care homes with 100% en-suite wetrooms, underpinned by supportive fundamentals. The Moors Care Centre, in […]
CLS Holdings posts half-year NAV and profit growth – The company has reported a 5% rise in net asset value for the first half of 2019 as well as a 28.2% jump in profits. CLS, which has a £2.1bn portfolio in the UK, Germany and France, posted a EPRA NAV per share of 325.3p, compared to […]
Green REIT board recommends €1.34bn sale to Henderson Park – Green REIT has reached agreement on the terms of a cash offer by Henderson Park to acquire it. The independent Green REIT board has unanimously recommended the deal, which will see Henderson Park subsidiary HPREF Dublin Office Bidco acquire the company for around €1.34bn. Under the terms […]
Tritax Big Box on road to serious growth – Tritax Big Box REIT posted an uptick in profits in the first half of the year on the back of strong rental growth. Operating profit before changes in fair value of investment properties increased by 5.7% to £60.7m, while rental income grew 3.5% to £166.8m. The […]
Stenprop records significant rental growth in industrial portfolio – Stenprop has reported strong leasing success and significant rental growth in its UK multi-let industrial (MLI) portfolio. In a trading update for the period from 1 April 2019 to 30 June 2019 the company completed 29 new lettings and 17 lease renewals at average rental uplifts of 24% and […]
Warehouse REIT drives up rent with Boots deal – Warehouse REIT has secured a 10-year lease renewal with Boots at a 42% uplift in rent. Boots has signed the lease renewal at the warehouse at Daneshill Industrial Estate in Basingstoke, which comprises 113,000 sq ft of distribution facilities on a six acre site, with no […]
Palace Capital converts to REIT – Palace Capital will join the UK REIT regime from today. The company has provided HMRC with notice of the conversion and said it expects to pay the first dividend as a UK REIT in December. It also announced a significant letting at its Sol Northampton leisure scheme. It has let […]
Sale of Green REIT progresses – Green REIT, the Dublin-listed developer and investor with an €1.48bn portfolio of offices and logistics in Ireland, is in exclusive talks to sell the company to UK private equity company Henderson Park Capital Partners. In a stock exchange announcement the company said: “Having assessed the bids received as part […]
Countrywide cuts losses as turnaround plan kicks in – The UK’s biggest estate agency group, Countrywide, reported hugely reduced losses in the first half of this year as its “back to basics” turnaround plan took effect. Losses were £37.7m in the first six months to June, down from £206.4m last year. Group income was down […]
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