LXi has invested 90% of issue proceeds – The Board of LXi REIT has announced that the company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Surrey, Somerset and Leicestershire. The purchase price is GBP5.0 million, reflecting a net initial yield of 6.0% (net of acquisition […]
Target Healthcare REIT buys in Leicestershire and Merseyside – it has completed the acquisition of two properties for a total value of GBP16.6 million (including acquisition and forward funding costs): The Amwell in Melton Mowbray, Leicestershire, is an 88 bed home which opened its doors to residents in March 2017. Situated in a prominent location […]
Civitas Social Housing buys New Walk portfolio – The Board of Civitas Social Housing has announced the purchase of a portfolio of regulated social housing for a total consideration of GBP18.5 million, comprising the freehold interest in 41 properties, with 194 tenancies, in North East England. The portfolio is immediately income generating with an initial net yield […]
AEW UK Long Lease REIT invests £24m – AEW UK Long Lease REIT has four properties under offer across a range of property sectors. The combined value of the assets is GBP24m and represents over 30% of the net proceeds raised at the Company’s successful IPO on 6 June 2017. The properties are in line […]
PRS REIT has started making investments – the closed-ended real estate investment trust, which was established to invest in new build homes in the private rented sector and was admitted to the Specialist Fund Segment of the London Stock Exchange’s Main Market on 31 May 2017, says: Immediately following its launch and as planned, it acquired 50 […]
European Real Estate Investment Trust (European REIT) has announced that it will return £6.0 million (equivalent to 77.6 pence per share) on 21 July 2017 by way of a compulsory partial redemption of shares (this the ‘Eighth Redemption’). The Eighth Redemption European REIT says that the Eighth Redemption will be conducted at the estimated unaudited […]
Sirius buys properties in Berlin and Grasbrunn – Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the completion of the acquisition of two properties for a combined total acquisition cost of EUR24.5 million. On 1 July 2017, the Group completed the […]
LXi REIT gets loan facility – the Board of LXi REIT plc says the company has signed a 12-year, fixed rate, interest only loan facility of GBP55 million with Scottish Widows, acting in partnership with Lloyds Bank Commercial Real Estate. The Facility is repayable on 3 July 2029 and has a fixed all-in rate payable […]
Civitas buys 19 supported living properties – the Board of Civitas Social Housing PLC has announced that the company has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP15.4 million, comprising the freehold interest in 19 supported living properties, with 95 tenancies, in Yorkshire and the Humber, the East […]
Derwent London sells Copyright building – Derwent London is pleased to announce that it has exchanged contracts on the sale of its long leasehold interest in The Copyright Building, 30 Berners Street W1 to Union Investment Real Estate GmbH (“Union Investment”). The consideration is GBP165.0m, or GBP148.7m net of top-ups relating to rent free periods […]
