Schroder European Real Estate announced yesterday that contracts have been exchanged for the purchase of two office buildings located in Germany’s leading office markets Stuttgart and Hamburg, for a total of EUR28.9 million at a blended net initial yield of 6.0%. The assets are fully income producing and multi-let to a combination of governmental and […]
Regional REIT’s Board has announced that it intends to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company’s results ending 31 December 2015. […]
Hammerson announced its results yesterday. The highlights were an 11.3% uplift in its EPRA NAV, a 12.6% increase in its adjusted earnings per share to 23.9p on the back of a 4.3% improvement in net rental income (2.3% like for like). Overall occupancy rose from 97.5% to 97.7%. Retail sales at their centres rose by […]
Hansteen Holdings has announced that it has acquired a further 5.5 million units in the Ashtenne Industrial Fund from clients of CBRE Investors for £2.5m cash, which reflects a price of 46.06p per unit. The company says that the acquisition represents 0.9% of the units in issue and increases Hansteen’s holding in the Ashtenne Industrial […]
SEGRO plc says it has noted the recent media comment regarding a possible transaction with Roxhill Developments. SEGRO confirms that it is in discussions regarding a possible arrangement with Roxhill that, should it be agreed, will enable SEGRO to strengthen its presence in the UK big box logistics market. The arrangement would involve SEGRO and Roxhill working […]
Target Healthcare REIT has announced that it has exchanged contracts to acquire a 12-bed specialist care home in Bricket Wood, St Albans for approximately £2.3m (including acquisition costs). The transaction is expected to complete after the expiration of a “planning judicial review period” in March. Following this, Target is to acquire the care home, which […]
GCP Student Living has raised £19m in a placing of its shares and has used the proceeds to buy a student accommodation block in Bristol. The Placing was significantly oversubscribed and the placing price was 135 pence. GCP Student Living has exchanged contracts to acquire Water Lane Apartments, a modern, private student accommodation residence located in a […]
MedicX Fund has announced that it has acquired a new primary healthcare centre, in Brynhyfryd, Swansea, by way of forward funding. The property is due to be completed in January 2017 and will be let to a GP practice, the Abertawe Bro Mogannwg University Health Board and a pharmacist. The company says that all leases […]
Regional REIT Limited has announced that it has exchanged contracts to buy the “Rainbow Portfolio” for £80m from Northwood Investors. The portfolio produces a net yield of 8.2% at a capital rate of only £70 per sq.ft., well below replacement cost. The portfolio comprises 12 assets, five offices and seven industrial sites totalling 1.15m sq.ft. and […]
Further to the announcement on 15 December 2015, Alpha Pyrenees has announced that it has sold its properties located at Athis Mons, Aubergenville and Aubervilliers in France totalling approximately 59,730 square metres for EUR24.3 million. The purchaser is an investment vehicle managed by Colony Capital, Inc. (NYSE: CLNY), a global real estate and investment management […]
