Empiric buys Hahnemann building in Liverpool – The Board of Empiric Student Property has announced that the Group has exchanged contracts to acquire the freehold of the Hahnemann Building (the “Property”) in Liverpool for GBP10.8 million (excluding costs). The acquisition is expected to complete in October 2017. The Hahnemann Building is a Grade II listed building […]
Ground Rents Income addresses negative media comment – Ground Rents Income Fund plc, a listed real estate investment trust (REIT) investing in UK ground rents, says that it has noted the recent attention in the media regarding ground rents and the launch by the Communities Secretary, Sajid Javid, of a consultation on proposals to amend […]
Land Securities pre-lets 21 Moorfields to Deutsche Bank – Land Securities and Deutsche Bank have exchanged a pre-let agreement for the bank’s new London headquarters at 21 Moorfields, EC2 on a 25 year lease. The agreement is conditional on planning permission. Landsec has worked closely with Deutsche Bank on the design of a 564,000 sq […]
Supermarket Income REIT buys a TESCO Extra – Supermarket Income REIT has acquired a Tesco Superstore in Thetford, Norfolk, from M&G Real Estate for GBP43.2 million, reflecting a net initial yield of 5.35% or 5.55% after the next agreed RPI-linked rent review in December 2017. The purchase has been funded out of the equity proceeds […]
LXi REIT fully invested looks to gear up – The Board of LXi REIT has announced that the company has now fully deployed the net proceeds of its GBP138 million IPO since listing on 27 February 2017. They are also in solicitors’ hands on additional acquisitions which will fully absorb the GBP55 million debt finance to […]
Custodian REIT buys Salisbury health and fitness centre – the company has acquired a 24,230 sq ft health and fitness centre in Salisbury, located less than two miles from the city centre and prominently fronting on to the A30, the main arterial road into the city from the North. Adjacent businesses include Premier Inn, Handelsbanken, […]
Land Securities has announced that it has exchanged contracts to sell its 50% stake of 20 Fenchurch Street, EC3M (the walkie talkie building) for £641.3 million and proposes to return £475 million to shareholders. The purchaser is LKK Health Products Group who will also acquire Canary Wharf Group’s 50% stake in the building, bringing the […]
Custodian REIT has announced the purchase of a 30,404 square foot retail warehouse on Snipe Retail Park, Ashton-under-Lyne, adjacent to junction 23 of the M60. The unit is occupied by B&M Bargains Limited, with nearby retailers including B&Q, Halfords, Home Bargains, Dunelm, Argos and Harveys. The unit’s lease expires on 8 January 2032 with a current […]
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser’s costs), which is being funded by the Company from equity. Good access to rail and […]
Redefine International has announced that it has submitted a proposal to International Hotel Properties Limited to increase its shareholding in IHL from 17.24% to 50%. International Hotel Properties is listed on the Euro MTF market of the Luxembourg Stock Exchange and on the AltX of the Johannesburg Stock Exchange (JSE). Redefine International say that it […]
