NewRiver Retail Limited has announced that it has completed the acquisition of Cuckoo Bridge Retail Park, Dumfries off-market from a large listed property company for a total consideration of GBP20.2 million. The acquisition equates to a net initial yield of 7.05%, an equivalent yield of 7.87% and a reversionary yield of 7.93%, with net rental income at […]
The Board of F&C Commercial Property has announced that it has agreed amended financing arrangements with Barclays Bank PLC to the existing GBP50 million term loan facility between SCP Estate Holdings Limited, a wholly owned subsidiary of the Company, and Barclays which was repayable in June 2017. The amended arrangements extend the repayment date of the […]
Custodian REIT has announced the acquisition of an GBP11.5 million portfolio of three properties. The Portfolio comprises: a 25,471 sq ft office on Pegasus Business Park, Castle Donington, adjacent to East Midlands Airport and Junction 23A of the M1, let to National Grid plc with an unexpired lease term of 6.2 years; a 16,470 sq […]
The Directors of GCP Student Living plc have announced that the Group has taken advantage of a rare opportunity to acquire a large scale, modern, purpose-built private student residential accommodation forward-funded development in London. The Directors believe that London retains a unique supply-demand imbalance for private student residential accommodation in the UK, with a shortage […]
intu properties announces that it has exchanged contracts with the Queensland Investment Corporation (“QIC”) to acquire the remaining 50 per cent of the Merry Hill estate for GBP410 million before expenses. This represents an income yield of 5.2 per cent, based on net rental income of GBP43 million. The estate comprises the intu Merry Hill […]
Hammerson plc ) has exchanged contracts and completed the sale of Thurrock Shopping Park, Essex, to TH Real Estate for GBP93 million. The park comprises two retail schemes with net internal area of 25,500m(2) and is situated next to junction 31 of the M25. Tenants include M&S, Gap, Pets at Home, Decathlon, Boots, Evans Cycles […]
Alpha Real Trust’s results for the year ended 31 March 2016 show its NAV climbing from 113.2p to 137.9p (up 21.8%), a small fall in adjusted earnings per share from 7.5p to 7.0p and an increase in the dividend from 2.1p to 2.4p. In September 2015 Alpha Real Trust acquired 20.5% of the share capital and […]
In response to media comment, intu confirms that it is in advanced discussions with QIC regarding the potential acquisition of QIC’s 50 per cent interest in intu Merry Hill in the West Midlands. If the acquisition were to proceed, the consideration is likely to be around GBP410 million and would be funded through a combination […]
Safestore’s EPRA NAV rose by 18.8% over the six months ended 30 April 2016 and the interim dividend was raised by 20% to 3.6p. Underlying, like-for-like EBITDA rose by 12.7% to £29.3m as occupancy rose by 2% to 70.9% and average storage rates rose by 4.7% to £26.02. Safestore has delivered a strong financial performance […]
SEGRO has announced that it has transferred a portfolio big box warehouses and development land into its SELP joint Venture (SELP or the SEGRO European Logistics Partnership is a 50:50 joint venture between SEGRO and a Canadian Pension Fund) for €89.4m. SEGRO’s strategy is to hold Continental European big box warehouses and development land primarily […]
