Eastern European Property Fund (EEP) reported a net loss for the year ended 31 December 2016 of £1.2 million (2015: loss of £1.0 million), which it says represents a loss per Ordinary Share of 7.80p (2015: loss of 6.30p). it says that a loss of £0.8 million on revaluation of investment properties, and a realised […]
NewRiver REIT has announced the results of its capital raising, which was conducted as an accelerated book build. It says that subject to the necessary resolutions being passed at the General Meeting ,which is expected to be convened to be held on or around 4 July 2017, in aggregate, 67,164,179 New Ordinary Shares are to […]
UK Commercial buys Sheffield office from Ediston – UK Commercial Property Trust has acquired a single let, Grade A office building in Sheffield, from Ediston Property Investment Company for GBP20,165,000, reflecting a net initial yield of 5%. The asset is let to Capita Business Services Limited, which is part of Capita plc, on a lease with […]
Custodian REIT buys Next distribution unit – the company has acquired a 69,922 sq ft distribution unit on Eurocentral, Scotland’s leading mixed-use business park on the M8 arterial route between Glasgow and Edinburgh. Nearby occupiers include DHL, Warburtons, Argos, Wincanton, Norbert Dentressangle and Morrisons. The unit is let to Next plc on a lease expiring […]
GCP Student Living (DIGS) is seeking to raise £70m through a placing of new ordinary shares under its 2017 Placing Programme. The company says that the placing price will be 142 pence per share, which represents a 6.75 pence discount to the closing mid-price per ordinary share on 12 June 2017 of 148.75 pence. It […]
Custodian REIT buys Langley Mill business park – Custodian REIT, the UK property investment company, has acquired a 20,678 sq ft distribution unit on Access 26 Business Park, Langley Mill, located near junction 26 of the M1. Nearby occupiers include DHL, 3663 Logistics and Travis Perkins. The unit is let to Warburtons Limited on a lease […]
Tritax buys Ocado’s Birmingham distribution facility – Tritax Big Box REIT plc has acquired a distribution facility at Birch Coppice Business Park, Dordon, Birmingham operated by Ocado Limited and serving both Ocado’s and Wm Morrison Supermarkets Plc’s online retail businesses. The total consideration is GBP92.33 million (excluding purchaser’s costs), reflecting a net initial yield of 5.25% on […]
Workspace has announced that, having noted media speculation regarding the potential acquisition of Salisbury House at 28-31 Finsbury Circus, EC2 for around £158 million, it can confirm, “that it is in discussions for the asset in question”. Workspace says that there can be no certainty that any transaction will proceed and a further announcement will […]
Workspace dividend soars by 40%. Workspace owns and manages more than 3.5 million sq. ft. of business space across 68 London properties. It is home to some 4,000 businesses including some of the fastest growing and established brands across a wide range of sectors. Workspace’s results for the year ended 31 March 2017 show: EPRA net […]
Picton Property cuts debt as shareholders make 25% returns Picton Property Income has released results for the year ended 31 March 2017. These show: An increase in EPRA NAV per share of 6.0%, to 82 pence per share Income profit increased by 30% to GBP25.8 million Total return of 10.4% Shareholder total return of 25.6% […]
