As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
Great Portland Estates results for the year to 31 March 2017 have been released and, while NAV fell, earnings were up. The chief executive acknowledges the short-term challenges facing the capital but says that, in the long-term, London is one of only a handful of truly global cities. Valuation lower – driven by yield expansion in […]
Schroder European Real Estate, which sits in the AIC’s European property sector, announced its interim results this morning and, yesterday, it announced that it had bought a shopping centre. Schroder European Real Estate buys Seville shopping centre Schroder European Real Estate Investment Trust (SERE) has completed the purchase of the Metromar shopping centre in Seville, Southern […]
MedicX Fund, has announced its fourth acquisition in Ireland having contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Tallaght, Dublin 24. This is the second scheme being developed under the Framework Agreement with Feasible Developments and the property is due to be completed in December 2017. Upon completion, the […]
McKay Securities has announced its full-year results for the year ended 31 March 2017. The company describes the year as being one of, “Strong performance, delivering record rental income and portfolio value”. The company’s summary of the year’s highlights are as follows: Financial Highlights Adjusted profit before tax up 8.3% to £8.60 million (31 March […]
Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £6.0 million, comprising the freehold interest in supported living properties, with 52 tenancies, in North East England. The acquisition was funded using the company’s existing cash resources. CSH says that the […]
Safestore Holdings has announced that it has refinanced its US Private Placement Notes on ‘improved terms’ and has agreed an amendment and extension of its existing bank facilities to extend the average maturity and lower the cost of the Group’s debt financing. Under the refinancing, the existing $65.6m 5.83%1 2019 US Private Placement Notes and […]
Alpha Real Trust today announces that it has agreed to sell a 70% equity interest in the H2O shopping centre in Madrid (“H2O”) to CBRE European Co-Investment Fund, managed by CBRE Global Investors. The sale is at a 4.8% premium to the latest published valuation of the shopping centre, as at 30 September 2016. The […]
For the year ended 31 March 2017, Land Securities’ NAV slipped as it said that its markets are pausing for breath. The chairman says that “In the London office market, we expected the occupational balance to shift from demand to supply during the course of 2017. The Brexit vote brought that inflexion point forward“…”Over the […]
Tritax Big Box REIT has announced that it has acquired a National Distribution Centre at Trax Park, Doncaster, for £20.9 million (excluding purchaser’s costs), reflecting a net initial yield of 5.61% on the asset acquisition. The purchase is being funded from equity proceeds. The company says that the proeprty is let to Unilever, one of […]
