Target Healthcare REIT has announced that it has acquired Kingsmead House, a care home in Mytchett, near Camberley, Surrey, for £6.5m including acquisition costs. The company says that Kingsmead House (pictured) is a modern, purpose built care home that was completed in 2015 and offers luxurious accommodation with bedrooms looking onto peaceful landscaped gardens. Kingsmead […]
Empiric Student Property (Empiric) has announced that it has entered into a forward funding arrangement, with Linford CZero Ltd, to develop a 185 bedroom scheme, The Emporium, in central Birmingham for a total investment of £19.53m. The scheme is expected to be delivered in spring 2018, in time for the 2018/19 academic year and is […]
Empiric Student Property has announced that it has acquired the freehold of a 79 bed student accommodation property, Pavilion Court (pictured), in Canterbury, for £9.2m (excluding acquisition costs). The property, which is the company’s first acquisition in Canterbury, comprises 79 beds in a mix of studios and one, two, three and four-bed apartments. It was […]
Picton Property Income (Picton) has announced that the disposal of one of its City of London office assets, Boundary House, Jewry Street, EC3 completed on 30 August 2016. The disposal proceeds were £27.8m, which the company says is in line with the June 2016 valuation, and will be used to reduce its debt (Picton’s zero […]
LXB Retail Properties has reported that on 25 August 2016 it exchanged contracts for the sale of its investment at B&Q, Greenwich to a private investor based in the UK. The property is currently let to B&Q Plc until 23 June 2024 at a current rental of GBP2,244,000 per annum. The sale is conditional on […]
Target Healthcare REIT Limited has announced that it has completed the acquisition of two modern, purpose built care homes located in Dundee, Scotland and Sandiacre, Derbyshire for approximately GBP14.0 million including acquisition costs. The properties comprise a total of 151 bedrooms with full en-suite bathrooms including wetrooms and opened in 2007 and 2015. A refurbishment […]
SEGRO plc has exchanged contracts to sell the Heston & Airlinks Industrial Estate near Heathrow Airport to Capital Industrial Four BV for GBP79.5 million. Heston Industrial Estate is a multi-let industrial estate, located to the north-east of Heathrow Airport close to junction 3 of the M4 motorway, comprising 481,000 sq ft of warehouse space across 47 […]
Industrial Multi Property Trust says its adjusted NAV per ordinary share at 30 June 2016 is 296.2 pence (31 December 2015: 260.6 pence). This increase is mainly due to an increase in the fair value of investment properties which is partly offset by an operating loss due to finance costs. The results for the period […]
F&C Commercial Property’s net asset value total return for the six month period ended 30 June 2016 was 1.4 per cent and the ungeared total return from the property portfolio was 2.0 per cent. This compares with a total return of 2.6 per cent from the industry benchmark. The changes to Stamp Duty announced in […]
Hansteen’s interim results for the six months ended 30 June 2016 show its EPRA NAV per share increased by 11.9% to 124.4p over the period. Adjusting this for the dilution effect of their convertible issue, the NAV was 120.5p. They also publish an adjusted EPRA NAV per share, this increased by 8.4% to 120.5p. Normalised Profits (their measure […]
