Civitas invests another £22.9m – Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP22.9 million, comprising the freehold interest in 21 supported living properties, with 183 tenancies, in the South West of England. The portfolio is immediately income generating with an initial net […]
London Museum of Photography headed to Whitechapel – Derwent London has announced that it has pre-let the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, to Fotografiska. Fotografiska runs the world renowned photography museum in Stockholm and will use the space for Fotografiska – The […]
LXi REIT buys three Northern Irish Priory Care homes – LXi REIT has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home for a total portfolio consideration of GBP14.9 million, reflecting a net initial yield of 6.5% (net of acquisition […]
LondonMetric buys Currys PCWorld store in New Malden – LondonMetric Property Plc has acquired Burlington Retail Park in South West London for GBP28.3 million from a large UK institution. The 51,500 sq ft unit in New Malden, South West London, is located next to the A3 and is majority is let to Dixons Carphone operating […]
Ediston sells Phoenix office building in Reading – Ediston Property Investment Company has sold its office building, Phoenix, Reading, to Fidelity UK Real Estate Fund for GBP20,510,602 which is not materially different to the valuation at 30 June 2017. The property extends to c.52,000 sq. ft., is multi-let to four tenants, and has c. 6,000 […]
Picton buys multi-let building in Bristol – Picton, the property investment company, has completed the acquisition of a grade A office building located in Bristol city centre for GBP 23.15 million. Known as Tower Wharf, the building is situated in a prominent position on the waterfront, adjacent to Temple Way, and equidistant to both Temple […]
Empiric will convert St Mary’s hospital Bristol to student housing – The Board of Empiric Student Property has announced that the Group has acquired, on an unconditional basis, the freehold of the former St Mary’s Hospital in Bristol for GBP8.08 million (excluding costs). The current site comprises a 3,400 sq m former hospital building and 65 […]
Alpha Real completes H2O disposal – Alpha Real Trust announces the successful completion of the sale of a 70% equity interest in the H2O shopping centre in Madrid (“H2O”) to CBRE European Co-Investment Fund, managed by CBRE Global Investors in line with the terms previously advised. As previously announced, Alpha Real Trust will retain a […]
Standard Life Investments Property Income announces recent deals – Standard Life Investments Property Income Trust has completed two investment transactions. The first is the purchase of a 46,800sqft industrial unit in Birmingham, close to an existing asset that the company owns. The purchase price of GBP4.58m reflects an initial yield of 5.75%, and the property […]
LondonMetric Property sells Milford Haven retail park – LondonMetric Property Plc has announced that it has sold its retail park in Milford Haven for GBP15.3 million. The 84,000 sq ft Havens Head Retail Park was acquired in 2010 for a net GBP14.2 million and is anchored by a 38,000 sq ft Tesco food store with other […]
