Picton Property Income has announced that it has disposed of two small, non-core retail assets in Bath for a total of £3.23m. The sale price reflects an aggregate net initial yield of 4.7% and a 29% premium to the 30 September external valuation. The company says that the disposals of 2 Bath Street and 6 […]
Custodian REIT has announced that it has acquired a block of six retail properties and two restaurants in Shrewsbury town centre. The properties are occupied by Paperchase, Holland & Barrett, Azzuri Restaurants (t/a ASK), Edinburgh Woollen Mill, Thomas Cook, Greggs, Sam’s Club (t/a House of the Rising Sun), Whittards and William Hill. The company says […]
Custodian REIT has announced the purchase of two properties – one in Liverpool, for £6.4m, and one in Stoke-on -Trent for £4.855m. Both purchases have been funded from the company’s existing debt facilities increasing its loan to value to 18.0%. The Liverpool property is a 34,686 square foot unit on Hanover Street, which is located […]
Tritax Big Box REIT (Tritax) has announced that it has exchanged contracts (conditional on receiving planning consent) to provide forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The two facilities are pre-let in their entirety under two separate leases to Howdens Joinery Group Plc (Howdens) and the investment […]
Civitas Social Housing (Civitas) has announced that it has completed a £15m acquisition of a portfolio, with an initial net yield of 6.5%, comprising the freehold interest in 17 supported living properties in Gloucester, Weston-Super-Mare, the Wirral and Durham. The acquisition is the company’s second since its IPO and the portfolio provides long term housing […]
F&C Commercial Property Trust has annnounced that, on 22 December 2016,it completed the sale of its Freehold interest in 25 Great Pulteney Street, London W1 for £54.4m, which reflects a net initial yield of 3.95 per cent. 25 Great Pulteney Street is a seven-storey building, which the trust says provides high quality, contemporary, Grade A […]
Summit Germany has announced that it has sold a property located in Hamburg for a cash consideration of €14 million. It says that the property is a vacant office building, following lease expiry in September 2016, and that the proceeds from this disposal are in line with the last independent property valuation and will be used […]
Hibernia REIT has announced that it has agreed a new non-renewable six year lease with the Office of Public Works (OPW) at Harcourt Square, commencing in January 2017. The OPW will pay annual rent of €6.0m for the offices, car parking and ancillary facilities plus a one-off arrears payment of €0.5m. Hibernia acquired Harcourt Square […]
Green REIT has announced that it has signed an agreement to lease the entire of its newly-developed office building at 32 Molesworth Street in Dublin 2 (pictured), which comprises approximately 2,973 square meters (32,000 square feet) of lettable area. The agreement is for 20 years, which the company says is with an international services provider, […]
Highcroft Investments has announced that it has agreed the sale of its freehold interest in its property at High Street, Staines to private investors. It is expected that contracts will be completed within two months. The property comprises three retail units with offices and storage on the first floor and planning consent was recently obtained […]
