SEGRO swaps an industrial estate for a Big Box warehouse – SEGRO has acquired a fully let 390,000 sq ft big box warehouse in the Midlands region of the UK from LGIM Real Assets (“Legal & General”), in exchange for Kingsland Business Park, which is a multi-let industrial estate in Basingstoke, and a balancing cash […]
AEW Long Lease buys St Helens industrial estate – AEW UK Long Lease REIT has bought Pocket Nook Industrial Estate, St Helens for GBP9.0m reflecting a net initial yield of 5.4%. The 16.1 acre site is let to three tenants and provides a weighted average unexpired lease term of 66 years to expiry, with 49% […]
Caledonia sells the Sloane Club – Caledonia Investments has today sold its 100% interest in The Sloane Club, the private members club located in the heart of Chelsea, London, to Sloane Investment Limited, a special purpose vehicle jointly owned by JK Chelsea Holdings Limited, an affiliate of the Queensway Group, and Clearbell Property Partners III […]
Redefine moves to fully covered dividends – Redefine International has published results for the year ended 31 August 2017, its EPRA NAV rose to 41.4p rom 40p and EPRA earnings per share rose from 2.7p to 2.8p on earnings up from £44.1m to £50.9m. The Board has declared a second interim dividend of 1.3 pence per share […]
Not just any big box… – Tritax Big Box REIT plc has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer and Dunelm (Soft Furnishings) Ltd, the UK’s number one homewares retailer. The combined net purchase price is GBP78.5 […]
Alpha Real gets planning for Frankfurt data centre – Alpha Real Trust has successfully secured detailed planning consent for a 40,338 square metre data centre building at its data centre site, together with a commitment from the local utility provider to connect a 35 MVA dual feed power supply to the site. As announced in […]
K&C REIT hopes for transformation – tiny K&C REIT has big ambitions. It plans to consolidate its shares on a 10×1 basis and issue up to £150m shares at 100p to fund the acquisition of portfolios of residential property. It hopes to top up the £150m equity issue with £100m of debt. Duncan Walker, previously […]
Hammerson buys Cergy 3 centre in Paris – Hammerson has completed the acquisition of the 11,000 sqm shopping centre, Cergy 3, adjoining its centre Les Trois Fontaines, Cergy Pontoise, Paris for EUR 81 million (GBP72 million) from a private vendor. Les Trois Fontaines is established as the leading shopping destination for the Val d’Oise region […]
LXi funds Lidl in Chard – LXi REIT has exchanged contracts to provide forward funding for the development of a new food store in Chard, Somerset, pre-let to Lidl UK GmbH. The development represents an investment of GBP5.5 million, reflecting a net initial yield of 5.75% (net of acquisition costs). The property will comprise a […]
Empiric Student Property makes rare sale – The Board of Empiric Student Property plc says that the group has exchanged contracts to sell the freehold of a site in Forthside Way, Stirling for GBP2.0 million (excluding costs). The disposal is expected to complete on 27 November 2017. This site was acquired by the group in August […]
