JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
Regional REIT Limited has announced its results for the six months ended 30 June 2016. Financial Highlights for the half year to 30 June 2016: (unaudited) Gross value of property assets up 1.8% like-for-like, to GBP501.3m (31 Dec 2015: GBP403.7m). Acquisitions of GBP128.1m were successfully completed, including 2 major portfolios; Wing with a net initial […]
Real Estate Investors has announced its interim results for the six months to 30 June 2016. The company says that the period has seen record rental income, portfolio and dividend growth although the company’s EPRA NAV per share fell by 2.2% to 63.5p (31 December 2015: 64.5p). At the end of the period the company’s […]
GCP Student Living reports that its EPRA NAV per ordinary share increased by 9%, from 125.51 pence to 136.93 pence as at 30 June 2016. Total operating profit (including valuation gains) was GBP39.3 million (GBP 12.2 million excluding valuation gains). Earnings per share fell from 28.46p to 15.48p and EPRA EPS for the group fell […]
Empiric Student Property has announced its annual results for the year ended 30 June 2016. The company grew its portfolio significantly during the year, from £251.3m to £523.9m, funded by £286.4m of gross equity proceeds and a further £120m of debt. As a result, the company says that its portfolio of purpose-built student accommodation increased […]
Green REIT has reported a 14.9% increase in its EPRA NAV to EUR1.52 per share, underpinning a 17.7% total return in the year to the end of June 2016. EPRA EPS increased 131% to 3.7 cents per share as contracted annual rents rose by 10% to EUR61.3 million. The proposed dividend is 4.6 cents – up 188% […]
Derwent London has announced that it has sold its long leasehold interest in 75 Wells Street, London W1, for £40.9m before costs. The purchaser was a private investor and the company says that the sale price was in line with December 2015 and June 2016 valuations. According to Derwent London, 75 Wells Street (pictured) is […]
Sirius Real Estate has announced that, following on from the successful private placing raising EUR30 million before expenses completed in June 2016, it has notarised and is near to completing the acquisition of two multi-let business parks, referred to at the time of the fundraising, for a total consideration of EUR46.3 million. The first site […]
Secure Income REIT has announced its interim results for the six months ended 30 June 2016. These show a 6.2% increase in its EPRA NAV to 300.2 pence per share and a near doubling of its adjusted EPRA EPS to 5.4p, up from 2.9p in the six months to 31 December 2015 and (0.3)p in the six […]
Standard Life Investments Property Income Trust, managed by Jason Baggaley (pictured), has announced its results for the six months ended 30 June 2016. During the period, the trust provided an NAV total return of 2.3% although NAV per share fell from 82.2p per share, as at 31 December 2015, to 81.8p per share as at 30 […]
