Empiric Student Property NAV slips on over distribution – Over the course of 2017, Empiric Student Property’s EPRA NAV fell from 106.2p to 104.5p. The portfolio value at 31 December 2017 was £890.1m. EPRA earnings per share rose from 0.4p to 0.7p, still well short of the 5.55p of dividends that they declared (and their 6.1p target) and this hit […]
Real Estate Investors seeing HS2 related demand – Real Estate Investors has published results for the year ended 31 December 2017. Highlights are: EPRA NAV per share of 68.9p (2016: 66.2p), up 4.1% EPRA EPS 3.3p (2016: 2.8p), up 17.9% Pre-tax profits at GBP11.3 million, up 37.8% Record underlying profit before tax of GBP6.2 million, […]
Hansteen releases results after busy year – Hansteen has released results for 2017. Highlights are: EPRA NAV per share of 130.6p after return of capital at 11.1p premium to 31 December 2016 EPRA NAV of 128.9p Adjusted EPS was 6.9p (FY 2016: 6.7p) IFRS profit increased by 86.6% to GBP204.3 million (FY 2016: GBP109.5 million) […]
NewRiver REIT signs development agreement – NewRiver has been appointed by Basingstoke and Deane Borough Council as its nominated developer to bring forward the risk-controlled redevelopment of a 66 acre leisure park in a prominent location in Basingstoke in close proximity to junction 6 of the M3 motorway. Capitalising on the growing popularity of integrated […]
Klepierre made bid approach to Hammerson – Klépierre has confirmed that “on 8 March 2018, Klépierre made a proposal on a non-adversarial basis to the board of Hammerson with the intention of engaging in a constructive dialogue regarding a possible offer to acquire the issued and to be issued share capital of Hammerson on a […]
Secure Income REIT buying £436m portfolio – Secure Income REIT has exchanged contracts to acquire two substantial off-market portfolios at a total cost of GBP436 million. The first portfolio of leisure assets across the UK has a gross cost of GBP224 million representing a net initial yield of 5.9% and with a weighted average unexpired lease term of […]
Capital & Regional resilient in face of challenging retail environment – Capital & Regional has announced its full year results to 30 December 2017. Highlights include: Basic and EPRA NAV per share resilient, both at 67p (December 2016: both 68p) Income growth driving 7.4% increase in total 2017 dividend Adjusted Profit up 8.6% to GBP29.1 […]
Tritax Big Box REIT sees Brexit silver lining – Tritax Big Box REIT has released its results for 2017. Highlights are: Dividends declared in relation to 2017 totalled 6.40 pence per share, in line with targets. Progressive dividend target of 6.70 pence per share announced for 2018. EPRA net asset value per share increased by 10.3% to […]
ICG Longbow lends against Bristol office block – ICG-Longbow Senior Secured UK Property Debt Investments has completed a new GBP16.2 million loan facility to an affiliate of Affinity Global Real Estate. The loan, which is secured by a first mortgage over a multi-let office property in Bristol, comprises an initial advance of GBP14.2 million, at an […]
Sirius Real Estate buys Hamburg business park – Sirius Real Estate says that on 1 March 2018, it acquired a business park in Schenefeld, a town on the edge of Hamburg, for €15.1 million (including acquisition costs). The Schenefeld business park has been acquired at an EPRA net initial yield of 7.8% and follows on from […]
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