Primary Health Properties is buying two modern, purpose built health care facilities for a total consideration of £8.7m by acquiring: 1) the entire share capital of a company whose sole asset and activity is the ownership of a medical centre located in Thornaby, North Yorkshire (pictured). The property is occupied by two GP practices, a pharmacy, […]
Globalworth Real Estate has just published its results for the year ended 31 December 2014. In brief, the EPRA NAV rose from €6.03 to €8.09. Underlying EPS was 16.1% higher at €2.02. The loan to value rose from 29.5% to 34.4%. the weighted average cost of debt is 3.99%, down from 5.95% with a weighted […]
LondonMetric Property has acquired a Next Distribution warehouse for £29m, reflecting a net initial yield of 6.3%. The off market acquisition is from a private property company and will be funded from the Company’s existing resources. The warehouse is located two miles north west of Junction 38 of the A1(M) in South Elmsall, Doncaster near […]
Treveria has published results for the year ended 31 December 2014. Briefly, the NAV fell to 5.1 cents (€30.7m) from 7.9 cents but the German tax authorities want €45m in Real Estate transfer Tax off them. They are disputing this but one legal challenge has failed and they must now decided if they want to […]
Dolphin has put out a statement following the imposition of capital controls within Greece. It says the cash balances of the Group’s subsidiaries deposited with banks operating in Greece as at 26 June 2015 amounts in aggregate to €1.5m and the largest part of the Greek deposits relates to working capital used in the operations of […]
MedicX has announced that it is making its first foray into the Irish market with a €10.1m deal to fund a new primary healthcare medical centre in Mullingar, Westmeath. The property is due to be completed in August 2016. The completed development will be let to a number of GPs and the Health Service Executive […]
Custodian REIT is spending £4.2m to buy a 3.5 acre plot and fund the development of a warehouse unit at Kingswood Lakeside, Cannock, adjacent to the A5 and Junction T7 of the M6 Toll, and three miles from the M6. The development comprises a 63,000 sq ft warehouse unit, with construction being phased over an […]
Invesco Property Income has sold the last of its property portfolio to Kildare Partners and will now wind up. All the money will go to pay back the company’s lenders and shareholders won’t get anything. The shares will be delisted once this is approved at the company’s AGM (due soon). IPI : Invesco Property Income […]
Custodian REIT has announced the acquisition of a portfolio of 10 properties. Six are high street shops, spread around the UK, with an average lot size of £1.21m. Four are industrial units with an average lot size of £1.83m. They say locations include Chester, St Albans, Bristol, Farnborough and Kettering and tenants within the portfolio include BSS […]
Empiric Student Property has acquired the freeholds of a portfolio of seven operational, direct-let, premium student accommodation properties in Liverpool and Stoke-on-Trent, comprising a total of 502 beds, for over £40m. They are paying cash of £22.8m (excluding acquisition costs) and taking on responsibility for the existing debt on the properties of £18.8m which has been retained […]
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