Drum Income Plus REIT has published figures for the six months ended 31 March 2016. The company’s net asset value as at 31 March 2016 was 92.9 pence per share. This represented a decrease in NAV of 7.1 pence per share (7.1%) since launch. In addition to costs of 2.3 pence per share incurred in […]
Globalworth has just published results for the year ended 31 December 2015 so these figures are somewhat out of date now. Its EPRA NAV rose by 12.2% over the year, mainly on the back of new acquisitions and the revaluation of development projects. The appraised value for the remainder of the portfolio was, on a like-for-like basis, marginally […]
Schroder European Real Estate has confirmed completion of the purchase of a convenience retail property located in Rodelheim (Frankfurt) at a purchase price of EUR11.05 million reflecting a net initial yield of 5.6%. The investment is well located in a growing inner urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket […]
The Board of Industrial Multi Property Trust notes a press comment today and announces that it has received an unsolicited proposal from a third party to acquire the entire property portfolio of the Company by way of a sale and purchase agreement. The Board considers that the Proposal undervalued the Company’s assets significantly and therefore has […]
Over the year to 31 March 2016, LondonMetric Property’s EPRA NAV increased from 140.6 to 1467.7. EPRA earnings increased from £40.9m to £48.5m which equates to an earnings per share increase from 6.6p to 7.8p. The dividend has been increased to 7.25p from 7.0p. They are implementing a policy of paying quarterly dividends the first […]
The Board of AEW UK REIT has announced the acquisition of two mixed use assets in Nottingham and Blackpool for a total of GBP13.2m, net of acquisition costs. With these two acquisitions the Company has now fully invested its equity capital and is geared to 20% of Gross Asset Value, in line with its investment […]
The Board of Empiric Student Property has announced that the Group has acquired the freeholds of three operational, direct-let, premium student accommodation properties in Leicester, comprising a total of 106 beds, for a consideration of GBP8.8 million (excluding acquisition costs). Bede Park (completed in 2012) is a conversion of a 1900s two storey industrial unit, with […]
Custodian REIT has announced that it has acquired a 55k square foot, high bay distribution unit on Relay Park, Tamworth for £4.7m. The unit is let to Schenker Limited (trading as DB Schenker), a subsidiary of Deutsche Bahn, on a lease that expires on 27 September 2017. The unit is located at junction 10 of […]
Target Healthcare REIT has announced that it has acquired Summerfield House, a care home in Halifax, West Yorkshire, for approximately £7.2m including acquisition costs. It says that Summerfield House is a modern purpose-built facility, with 106 beds over three floors, which was opened in 2011. The company also says that the home is situated in […]
K&C REIT has announced that it has completed the purchase of ‘The Osprey Management Company Limited’, from Ms Susan Hards, for an aggregate consideration valued at £1.6m. The company says that Osprey owns a portfolio of freehold interests in what it describes as, “a number of high quality retirement and residential properties in and around […]
