AEW UK Long Lease buys Wandsworth gym – AEW UK Long Lease REIT has completed the acquisition of 212 Wandsworth Road, London for GBP4.4m. The property, which is fully let to Pure Gym Limited at a low passing rent of GBP11.60 per sq ft, provides an unexpired lease term of 10.2 years to break and […]
F&C UK Real Estate buys distribution unit – IRP Holdings Limited, a subsidiary of F&C UK Real Estate, has purchased a 59,000 sq ft distribution unit in Basingstoke (Unit K60, Lister Road) for GBP9.56 million, reflecting a net initial yield of 5.2 per cent. The property is let to one tenant, Bunzl UK Ltd, on […]
Triple Point Social Housing invests another £10m – The Board of Triple Point Social Housing REIT says that the group has completed the acquisition of 12 supported housing properties, comprising 75 units in total, for an aggregate purchase price of GBP10.5 million (excluding costs). The properties are located in Bournemouth (1), Durham (1), Newcastle (1) […]
Secure Property Development buying Romanian logistics portfolio – Secure Property Development and Investment has announced the proposed acquisition of up to a 50% interest in a portfolio of fully let logistics properties in Romania (the “Olympians Portfolio”), which currently generates a Net Operating Income of approximately €4.5m per annum. The Olympians Portfolio: Fully let Grade A […]
Civitas expands portfolio – Civitas Social Housing PLC has completed the purchase of two specialist supported living and residential care investments for a total consideration of £8.5 million, comprising the freehold interest in 5 properties, with 43 tenancies. The properties are immediately income generating with an initial net yield in line with the Company’s expectations and both […]
Primary Health invests in Falkirk – Primary Health Properties has contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland. A wholly owned subsidiary of PHP has agreed to acquire Stenhousemuir Medical Centre for £8.65 million (net assets acquired of £8.65 million). The property comprises of 2,450 m2 and is fully let to […]
LondonMetric buys logistics site in Bedford – LondonMetric Property Plc has unconditionally acquired the 40 acre Bedford Link site from the local authority. The site has planning consent for up to 670,000 sq. ft. of logistics space and all other conditions relating to the purchase have now been satisfied. Bedford Link is situated on the A421, […]
GCP Student Living funding another building for Queen Mary – GCP Student Living says that its operational property portfolio is now fully occupied with respect to the 2017/18 academic year. The average rental growth as compared with the 2016/17 academic year is 4.1%. New building for Queen Mary University GCP Student Living has entered into a […]
Tritax Big Box buys Royal Mail facility in Daventry – Tritax Big Box REIT has exchanged contracts to acquire a National Distribution Centre at Danes Way, Daventry International Rail Freight Terminal (“DIRFT”), Northamptonshire let to Royal Mail Group Limited, the main subsidiary of Royal Mail plc. The total consideration is GBP48.82 million (excluding purchaser’s costs), reflecting […]
Pacific Industrial buys nine logistics assets – Pacific Industrial & Logistics REIT has completed the off-market acquisition of a portfolio of 9 logistics assets for a total consideration of GBP45.5m. The purchase price represents a net initial yield of 7.3%. The deal has been financed from the proceeds of the recent placing, completion […]
