Pacific Industrial sells Bedford property – Pacific Industrial & Logistics says that, on 16 November 2017, it completed the sale of an asset located at Hammond Road, Bedford, for a total consideration of GBP5.8 million. The sale price represents a net initial yield of 6.0%. The Disposal follows the recent letting of the property on a 10-year […]
Ediston plans dividend hike as buys four retail warehouse parks – Ediston Property Income is seeking to expand and raise its dividend at the same time. Dividend increase “It is the Board’s intention to increase the annualised dividend by 4.5 per cent. to 5.75 pence per share, in the absence of unforeseen circumstances, commencing with the dividend in […]
LXi REIT has announce that it has exchanged contracts on the pre-let forward funded acquisition of a new Premier Inn hotel in the East Midlands. The total funding commitment is £6.9 million, reflecting a net initial yield of 5.20% (net of acquisition costs to the Company), and the acquisition is being funded from equity resources […]
Pacific Industrial & Logistics REIT (PILR) has announced that it has completed the acquisition of a modern 41,494 square foot logistics warehouse at Victoria Road, Seacroft, Leeds for a total consideration of £2.8 million. It says that the purchase price represents a net initial yield of 6.8% and the site has a rent of £5.00 […]
Regional REIT changes to manager line up – London & Scottish Investments has announced the appointment of Simon Marriott to the position of Investment Director. Simon will join the main LSI board and work closely with Chief Executive Stephen Inglis on Regional REIT. Simon joins LSI with over 30 years’ experience in the property industry, […]
VinaLand has sold its Project Phu Hoi City stake – VinaLand Limited has sold its entire stake in Project Phu Hoi City, a development project located in Dong Nai province, Vietnam. The project, which was acquired by VinaLand in 2007, is an 84-hectare parcel of land that has received approval for a future residential-township development. […]
Raven Russia buys Moscow logistics park – Raven Russia says that a subsidiary has entered into an agreement for the acquisition of a logistics park in Moscow. The agreement is to acquire a completed warehouse complex from Industrialniy park “Sever” Limited Liability Company, a company incorporated in Russia. Initial consideration of RUR 5.119billion ($86.58million), is […]
Redefine sells German retail property portfolio – Redefine International has announced the sale of the Leopard (German supermarket) portfolio to PATRIZIA Immobilien AG. Completion is anticipated to take place in December 2017. The consideration will reflect a purchase price of EUR205.0 million, reflecting a 10.8% (EUR20 million) premium to the 31 August 2017 book value. They say […]
AEW UK REIT buys Portsmouth retail property – AEW UK REIT has announced the acquisition of 208-220 Commercial Road and 7-13 Crasswell Street, Portsmouth for GBP6.4m. The asset provides a net initial yield of 9.6% and is fully let to seven retail tenants and one office tenant providing a WAULT of 4 years to expiry. The […]
intu creates jv to own Chapelfield shopping centre in Norwich – intu properties plc and LaSalle Investment Management, acting on behalf of Greater Manchester Pension Fund and West Yorkshire Pension Fund, are forming a partnership to jointly own intu Chapelfield shopping centre in Norwich. LaSalle will acquire a 50 per cent interest in the property for net […]
