Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £2.0 million, comprising the freehold interest in 6 supported living properties, with 12 tenancies, in Southampton. CSH says that the portfolio is immediately income generating with an initial net yield in […]
Custodian REIT has announced its annual results for the year ended 31 March 2017. During the period, the company provided an NAV total return of 8.5% (2016: 6.4%) and a share price total return of 10.3% (2016: 3.5%). The company’s chairman, David Hunter, says that during the year the company invested a total of £105.0m […]
European REIT may be new vehicle for Quidnet. Quidnet said, in its most recent report and accounts, that its sale of the final property asset in the European REIT’s portfolio, La Gaude, located in Nice, France should complete shortly. The net sale proceeds to the company will be approximately EUR5.75 million, being 0.74 cents per share. Consistent with the […]
Highcroft Investments buys in St Austell. The company says that, through its property owning subsidiary Rodenhurst Estates Limited, it acquired, today, the freehold interest of an industrial investment near St Austell, Cornwall. The property comprises two industrial units totalling approximately 250,000 sq ft, plus a vacant site, let to Wyndeham Roche Limited on a single […]
LXi REIT buys Leeds care home for £8.4m. The Board of LXi REIT has announced that the company has exchanged contracts to acquire the Priory Care Home, Leeds for GBP8.4 million, reflecting a net initial yield of 6.3% (net of acquisition costs to the company). The Property is fully let to Priory Elderly Care Limited […]
LXi REIT has announced that it has acquired the SIG manufacturing facility at Welton, in a sale and leaseback transaction, for a purchase price for the Property is £9.3 million, reflecting a net initial yield of 7.0% (net of acquisition costs to the Company). The acquisition is being funded from equity resources, with senior debt […]
Derwent London has announced that it has let the top two floors of the tower at White Collar Factory EC1 (pictured) to Box.com, the cloud content management company. The initial rent is £2.1m per annum or £75 per square foot, which is above December 2016 ERV. Derwent London says that Box.com will occupy 28,500 square […]
LondonMetric Property buys three urban logistics warehouses as it announces results for year to 31 March 2017 that show NAV up 1.4%. LondonMetric Property buys three urban logistics warehouses LondonMetric Property has bought three separate urban logistic warehouses in Crawley, Coventry and Huyton for GBP23.9 million. The purchase price reflects a blended yield of 6.0% […]
Hammerson has announced that it has exchanged contracts for the sale of Westwood and Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million. The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book value. The retail parks, covering a total of 24,900 […]
Alpha Real gets planning for its Monk Bridge site in Leeds. Planning has been obtained at the monthly planning committee for Leeds City Council in respect of the Company’s Private Rented Sector (“PRS”) development site at Monk Bridge in central Leeds. Detailed planning was obtained for 307 PRS flats in three buildings over 180,049 square feet […]
