Real Estate Investors has confirmed the acquisition of two additional investment properties in Telford and Nottingham for a total consideration of GBP5.135m, producing a combined rental income of GBP506,710 per annum and a net initial yield of 9.26%. The investment properties acquired are as follows: Titan House, Euston Park, Telford – acquired from receivers. The building […]
Having just raised £84m from investors, Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Warrenpoint, Northern Ireland for approximately £5.75m including acquisition costs. The home, Carlingford Lodge, was opened in 2011 and comprises of 74 single bedrooms with full ensuite bathrooms including wetroom […]
SEGRO plc has announced that it has agreed amended bank facilities totalling EUR780 million (GBP614 million). The facilities comprise a EUR610 million syndicated revolving credit facility and two bi-lateral revolving credit facilities of EUR100 million and EUR70 million each. The net impact of the changes is a EUR110 million (GBP87 million) increase in the unsecured committed […]
Vinaland and VinaCapital Vietnam Opportunities (VOF) are selling their entire stakes in the 21(st) Century International Development Joint Stock Company (Century 21 Project) located in Ho Chi Minh City, Vietnam. The site is a future residential – mixed use development site, with a total site area of 301,060 square metres which was acquired in 2006 for […]
LondonMetric Property Plc has announced that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks in Bridgwater, Chatham and Grimsby for GBP15.9 million (LondonMetric share: GBP8.0 million), reflecting a blended NIY of 5.7%. The 33,000 sq ft Range store in Bridgwater has been […]
K&C REIT has announced that, on 6 May 2016, it agreed to acquire the entire issued share capital of The Osprey Management Company Limited from Ms Susan Hards for an aggregate consideration of £1.6m. Osprey owns a portfolio of freehold interests in a number of high quality retirement and residential properties in London and southern England. In addition, […]
Kennedy Wilson Europe Real Estate has completed the acquisitions of two suburban office assets in Sandyford and Blackrock in South Dublin for an aggregate consideration of EUR76.9 million (GBP60.8 million) and Towers Business Park in Manchester for GBP82 million. The acquisitions will be funded from the Company’s existing cash resources. KWE completed the acquisition of […]
Summit Germany’s results for 2015 show it increasing its EPRA NAV from 87 cents to 97 cent per share. The company’s second fund raising and the profit generated during the reporting period contributed greatly to the increase in the Group’s EPRA NAV of the whole fund to EUR427.5 million as of the end of the reporting period. […]
Empiric Student Property says it has exchanged contracts to acquire, subject to planning, the freehold of a site on Well Street, Exeter, at a cost of £1.5 million (excluding fees). The Company is in the process of applying for planning permission with Exeter City Council for a premium student accommodation development on the site, comprising […]
The Board of Schroder European Real Estate Investment Trust has announced the company’s fifth investment since listing on 9 December 2015. Contracts have been signed for the purchase of a convenience retail property located in Germany. The asset is a grocery supermarket anchored, multi-let convenience retail centre located in a growing inner urban region of Frankfurt […]
