UK Commercial Property Trust has announced that it has separately acquired two new properties. The first is the Central Square office building in Newcastle, which has been acquired at a cost of £21.6m, which reflects a net initial yield of 6.4%. The building, which has 72,389 square feet of office space is multi-let to a […]
NewRiver Retail has announced that it has exchanged contracts to acquire the Neptune Portfolio, which comprises the Ridings Shopping Centre (pictured and located in Wakefield, West Yorkshire), the Cornmill Shopping Centre (Darlington in the North East of England) and the Capitol Shopping Centre (Cardiff in South Wales) for £92.3m. In addition to this, the company […]
Target Healthcare REIT has announced that it has exchanged contracts to acquire Tapton Court, a 69 bed care home in Sheffield, South Yorkshire. Tapton Court (pictured) was built in the 1990s and closed in 2014. It will now be substantially redesigned and refurbished during which the bedrooms will be enlarged and reduced in number to […]
SEGRO has announced that it has exchanged contracts to sell its portfolio of offices on the Bath Road, Slough, for £325m to clients of AEW Europe. The portfolio fronts the Slough Trading Estate and contains 972,300 square feet of office properties leased to companies spanning blue-chip, national and international businesses, and one office building currently […]
Empiric Student Property has announced that it has acquired the freehold of Ayton House, a 241 bed, student accommodation property in St Andrews for £26.0m (excluding costs). Ayton House is Empiric’s first acquisition in St Andrews and was newly completed for the 2015/16 academic year. The property, which is located in a prominent position in […]
MedicX Fund has announced that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Crumlin, a suburb of Dublin. The property is due to be completed in January 2017 and will be let to the Health Service Executive, a number of GPs and associated medical service providers. […]
Globalworth Real Estate Investments has announced that it has closed the acquisition, of Green Court Building B, Bucharest, from Skanska Romania. The transaction was effected through the acquisition of 100% of the shares of SPC Gamma Property Development Company s.r.l., the company owning the asset, for a consideration of circa €45m. Of this, €20m was […]
John Laing Infrastructure Fund has announced that it has entered into an agreement with Iridium Concesiones de Infraestructuras (Iridium), a subsidiary of Grupo ACS, to acquire an effective 40% stake in the Barcelona Line 9 Section II metro project. Line 9 (pictured) runs directly through the heart of the city centre, connecting the airport and […]
Highcroft Investment has announced that Rodenhurst Estates Limited (a property owning subsidiary of Highcroft Investments PLC) has agreed the sale of a freehold building in Market Place, Kingston upon Thames to a private investor for £1.125m (a 61% premium over its 31 December 2014 valuation of £700k). The property comprises a listed shop property fronting […]
Schroder European Real Estate Investment Trust has announce that it has exchanged contracts to purchase freehold office property located in Boulogne-Billancourt (Paris) for €37.5m. The purchase is the company’s first since its launch (the company listed on the London Stock Exchange on 9 December 2015) and the purchase price represents a net initial yield of […]
