Target Healthcare REIT buys in Yorks and Lancs – Target Healthcare has completed the acquisition of two properties for a total value of GBP13.9 million (including acquisition and forward funding costs): Target acquired the freehold of Cantley Grange, a modern purpose-built care home in Doncaster, South Yorkshire. The 40-bed home, which opened in 2007, has full en suite […]
LondonMetric Property swaps Odeon for shed – LondonMetric Property has exchanged on the sale of an Odeon Cinema in Warrington for GBP13.7 million, reflecting a NIY of 4.8%, and acquired an urban logistics asset in Milton Keynes for GBP12.0 million, reflecting a deemed NIY of over 5.0%. At Warrington, the 10 screen, 36,000 sq ft cinema formed part of […]
Phoenix Spree Deutschland reports a strong 2017 – Phoenix Spree Deutschland (PSDL), the UK listed investment company specialising in Berlin residential real estate, has reported EPRA NAV per share grew by 50.5% to €4.11 (£3.65) at 31 December 2017 (31 December 2016: €2.73 (£2.33)). Highlights of the company’s full year results for the year ended 31 December 2017 […]
MedicX acquires a new primary healthcare medical centre in Peterborough MedicX (MXF) has contracted to acquire a new primary healthcare medical centre in Peterborough. The property is due to be completed in April 2019. The completed development will be let to the GPs of the Nightingale Medical Practice in Peterborough. All leases will be for […]
RDI £26m disposal in Leeds – RDI the UK real esrate investment trust (REIT) has exchanged contracts for the disposal of City Point in Leeds for £26.05 million. The property, which has been acquired by West Midlands Pension Fund, delivers total gross annualised rental income of £1.6 million with a WAULT of 3.7 years. According to LDI […]
Busy year for Starwood as lending hits record levels – Starwood European Real Estate Finance generated an NAV total return of 7.2 per cent and a share price total return of 7.6 per cent for 2017. Total dividends of 6.5 pence were declared in relation to the year ended 31 December 2017. The manager says that the group […]
AEW UK REIT buys Dagenham leisure park – AEW UK REIT has acquired the eastern section of London East Leisure Park, Cook Road, Dagenham and an industrial unit let to Plastipak UK Limited on Gresford Industrial Estate, Wrexham for a combined price of GBP22.5m. Dagenham Leisure Park London East Leisure Park is a purpose built leisure […]
Highcroft’s property income grows 22% in 2017 – Highcroft Investments (HCFT) delivered its final report for the calendar year ending 31 December 2017. Headlines: 22.0% increase in gross property income, which is the strongest performance over the last 5 years 16.8% increase in investment property valuation Property acquisitions of £9,480,000 (net of costs) and disposal […]
Regional REIT NAV falls on dilutive share issuance and debt refinancing costs – Regional REIT has published its results for the year ended 31 December 2017. Its EPRA NAV fell to 105.9 from 106.9p, predominately due to the issuance of two tranches of new equity and debt refinancing costs. EPRA EPS rose to 8.1p from 7.7p. They declared dividends […]
Impact Healthcare REIT delivers small NAV uplift – Impact Healthcare REIT has published results for the period ended 31 December 2017. It made a 7.19% EPRA NAV total return for the period from the IPO to 31 December 2017, compared to 10.79% for the EPRA/ NAREIT UK REITs Index. The NAV was 100.65p per share as at […]
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