SEGRO has published its trading update for the period from 1 January to 18 April 2017. David Sleath, Chief Executive, said: “SEGRO has had an excellent start to 2017. We have signed GBP16 million of new headline rent, including almost GBP11 million of pre-let agreements relating to 300,000 sq m of new projects which have been […]
Civitas Social Housing has exchanged contracts on the purchase of a portfolio of regulated social housing for a total consideration of GBP11.5 million. The portfolio includes ten care homes and 79 tenancies across the Midlands, managed by Inclusion Housing Association, which is regulated by the HCA. This portfolio was sourced off-market by Civitas Housing Advisors […]
Target Healthcare REIT Limited has completed the acquisition of three purpose built care homes for a price of GBP20.9 million including acquisition costs: Willow Park Lodge, is situated next to the main hospital in Dover, Kent, and was acquired for a total consideration of GBP6.1 million including costs. It has 79 large bedrooms over four […]
VinaCapital Vietnam Opportunity Fund and VinaLand have sold their entire stakes in the Dai Phuc Lotus direct real estate project located in the Dong Nai province near Ho Chi Minh City, Vietnam. The site is a future residential – township development with a total site area of 198.5ha and was acquired in 2007. The Project is residential […]
Taliesin Property Fund reports that it s adjusted NAV per share rose 27.5% in 2016 to end the year at EUR37.53 (31 December 2015 EUR29.44, reflecting the EUR2 per share return of capital to shareholders during the period). On an EPRA basis, NAV per share was EUR36.87 at the end of 2016 (31 December 2015 EUR29.10). […]
The Board of LXi REIT has announced that: the Company has exchanged contracts to forward purchase the new Premier Inn hotel and Beefeater restaurant currently under construction at Spanish City Promenade, Whitley Bay, North Tyneside (the “Premier Inn Property”); and the Company has now completed on the acquisitions of the GE Oil & Gas facility […]
Custodian REIT has announced that it has entered into an agreement with Aviva Investors Real Estate Finance (Aviva) for Aviva to provide it with a new term loan facility of £50m. The facility comprising two tranches: Tranche 1 is for £35m and Tranche 2 is for £15m. Custodian REIT says that it drew down Tranche […]
Redefine International has announced that it has reached a conditional agreement to acquire control of the German Leopard Portfolio joint venture, in which it holds an existing 50 per cent. equity interest, for an aggregate consideration of €49 million (€49.4 million including transaction costs). Following the acquisition, Redefine International will hold an effective 94 per […]
Phoenix Spree Deutschland has announce that it has exchanged contracts to sell a portfolio of 17 non-core properties in Nuremberg and Fürth for an aggregate cash consideration of €35.25m. The properties were acquired in 2007 and 2008 for an aggregate purchase price of €13.9m and the sale proceeds represent an 11% premium to the 31 […]
European Real Estate Investment Trust says that terms have been agreed for the sale of its last real estate asset, located in La Gaude, Nice, France and formerly occupied by IBM. The completion of the sale is subject to a waiver of statutory pre-emption rights from the city of La Gaude. Subject to this the […]
