JRIC has bought a 61 unit apartment complex in East Village Sannomiya for Y796m. The estimated prospective net operating yield is 5.9%.
Globalworth Real Estate has bought Bucharest One – a 20 storey, 48,732 sqm office development that will be the second highest tower in Bucharest once complete. The tower is expected to be complete by Q3 2015.
MedicX has bought a primary healthcare centre in Ynyshir, Porth for £1.6m
BSIF is acquiring three additional solar plants in Hampshire, Norfolk and Glamorgan and plans to extend a plant in Oxfordshire – total cost £38.5m. Following this BSIF will have invested over 75% of the money it raised and will have investments in plants capable of generating 81MW.
Hansteen Holdings has bought a loan secured against a portfolio of 370,000 sqm of mainly multi-let light industrial property in the Netherlands for €41.675m. The underlying borrower, Lancelot Land BV, is in breach of the loan and hence Hansteen was able to buy it at a 51% discount to par. About 20% of the portfolio […]
SDU’s interims for the six months ended 31 October 2013 show an almost 10% outperformance of its NAV over its benchmark and a narrowing of its discount leading to further outperformance ion share price terms. Over the period the NAV returned 17.0%, the benchmark 7.7% and the share price 23.9%. These were the first results since […]
The payment will be made on 17 January and the ex-distribution date will be 8 January
Ottoman has announced its results for the year ended 31 August 2013 (so somewhat out of date now). OTM’s NAV rose from 63.5p to 65.9p over the period. The main driver of the uplift was a reassessment of the valuation of OTM’s Riva asset – a large parcel of development land. OTM sold part of […]
LMP has announced it is buying Royal Mail’s distribution centre in Daventry for £36m (on a yield of 6.7%) and selling a retail park in Congleton for £16.4m (the sale price equates to a yield of 5.8%, the park was acquired in Jun 2011 for £14.9m). After these transactions, LMP’s portfolio has 23%invested in distribution assets. […]
