LMP has bought the Superdrug distribution centre in South Elmsall, Doncaster for £13m, equivalent to an initial yield of 7.3%. The 292,500 sq ft centre is located two miles from junction 38 of the A1(M) motorway and is fully let to Superdrug until 2025 with a break clause in 2020.
MedicX has announced that it has acquired a specialist primary care medical centre in Cardonald, Glasgow for £3.2m
Japan Residential Property has bought a 23 unit apartment building in the Toritsudai neighbourhood of Tokyo for Yen702m (£4.12m) equivalent to a 5.1% yield.
Great Portland Estates reports a 5.8% uplift in the portfolio valuation over the final quarter of 2013 driven by an 8.2% uplift in the valuation of development properties and rental growth of 1.3%. This helped drive an 8.2% uplift in the EPRA NAV to 527p. Vacancy rates across the portfolio have fallen as they signed […]
Bilfinger Berger infrastructure has bought a one third stake in the Ohio River Bridge / East End Crossing PPP project. the bridge, close to Louisville, Kentucky connects Clark County Indiana with Jefferson County, Kentucky
GRIO’s results cover the 17 month period between its incorporation on 23 April 2012 and 30 September 2013. It is not yet fully invested – it said it would be by end May 2014. At the end of September it was 51% invested and when the report was published that figure had risen to 60%. […]
3i’s interim management statement covering Q4 2013 mentions £29m of realisation proceeds received – making £557m for the last nine months – 35% up on the previous year; £322m invested including four European Private Equity investments; completion of their acquisition of BIFM (an infrastructure business); and successfully closing their third US CLO. The NAV at […]
ACD has been buying back shares, subject to having available liquidity available after paying dividends and maintaining its currency hedging programme, with the aim of keeping its discount at or below a 10% discount. the Board has decided to reduce this target to 7.5%.
After announcing on 5 December 2013 that it would not proceed with its placing, open offer and offer for subscription, IGRE’s Board has been considering the future of the company. They believe it is in shareholders’ best interests to continue with the fund. Shareholders will soon be asked what they think – should the fund wind […]
Like for like occupancy up 30bps to 97.1% 525,000 sq ft of lettings or renewals in Q3 with rent 5.3% ahead of ERV – split 386,000 sq ft retail and 139,000 sq ft offices. £405m of disposals including Eastgate in Basildon and a further £200m in the pipeline. £196m of acquisitions including £83m of Sainsbury’s […]
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