Gresham House has sold a large part of its site at Newton le Willows, Merseyside and announced interim results for the six months ended 30 June 2015. 25.8 acres of the site at Newton-le-Willows has been sold to Persimmon Homes Ltd. The transaction will realise a total of £7.25m net. A deposit and initial payment of £944,610 has been […]
Hansteen Holdings has announced the acquisition of two assets in Derbyshire for a total price of £41.1m. West Hallam Industrial Estate (Ilkeston, South Derbyshire) is being acquired for £27.3m, which reflects a net initial yield of 6.2%. Completion is due on 24 September. Belasis Business Park (pictured) is located in Billingham, Teesside. It is being acquired […]
Tritax Big Box REIT has announced that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK (“TK Maxx”), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price […]
UK Commercial Property Trust has announced that it has acquired Ventura Park in Hertfordshire for £67.1m through a swap transaction with SEGRO plc, which also comprises the sale to SEGRO of a 298,850 sq ft Asda Distribution Centre in Northampton for £31m. UK Commercial Property Trust paid the £36.1m difference from its existing cash resources. Ventura […]
Custodian REIT has acquired a 19,493 sq ft trade counter unit on Stephenson Road, North Hykeham, three miles south-west of Lincoln and one mile from the A46. The unit is let to MKM Building Supplies Limited on a lease expiring on 10 June 2022. Net passing rent is GBP169,711 per annum, reflecting a net initial yield of […]
Globalworth Real Estate has released its interims covering the six months ended 30 June 2015 and a trading update that covers the period to the middle of September. On 15 September the portfolio had a gross lettable area of 335,883sqm, a value of €808.4m and the projected value once all developments have been completed was […]
Town Centre Securities has published results for the year ended 30 June 2015. It is reporting an 11.7% increase in NAV to 344p, a maintained dividend of 10.44p (which was covered 1.16x by underlying earnings per share of 12.1p – down from 14.4p the previous year). The total return to shareholders was 19%. Like-for-like property […]
Real Estate Investors has announced its interim results for the six-months ended 30 June 2015. The company converted to a Real Estate Investment Trust with effect from 1 January 2015 and so these are its first results under the new structure. During the period, the company’s ERA NAV rose 4% to 63.6p per share whilst […]
AEW UK REIT has announced the completion of a further acquisition for £5.3m (net of acquisition costs) of 1-15 Fargate & 18-36 Chapel Walk, Sheffield. The two properties provides a total of 40,128sq ft with 8 retail units spread over basement, ground and first floors. Two of the retail units front onto the pedestrianised Fargate Street with six […]
Schroder Real Estate Investment Trust (SREI) has announced that it has exchanged a conditional agreement for Lease, with Premier Inn Hotels, for a pre-letting of a new 96 bedroom hotel within Arndale House in Leeds (pictured). SREI acquired the Arndale Centre in Leeds, a multi-let retail, leisure and office property totalling 125,834 sq ft that is […]
