Custodian REIT has acquired 1.88 acres of land at the Tournament Fields development, two miles south west of Warwick at junction 15 of the M40. The location allows easy access to the motorway network, mainline rail services (via Warwick Parkway station) and is close to Birmingham International Airport. Other occupiers on the business park include […]
Workspace has announced its results for the year to 31 March 2015 and they are good. The EPRA net asset value per share was up 42% to 703p (2014: 496p). The EPRA earnings per share rose from 22.7p to 29.2p The total property return was 37%. On a like-for-like basis the capital value per square foot […]
LondonMetric Property has announced results for the year ended 31 March 2015 and separately has announced it is buying a portfolio of M&S convenience stores for £26m. Over the year to the end of March 2015, LondonMetric Property’s EPRA net asset value rose by 16% to 140.6p. The dividend is being maintained at 7p but they […]
Ediston Property Investment Company has published its first set of figures covering the period from its launch on 28 October 2014 to the 31st of March 2015. Over the period the net asset value rose to 102.6p and the share price rose to 108p. They have paid dividends totalling 1.885p and say they are on […]
Tritax is spending £47.1m to buy the Tesco Regional Distribution Centre at Capitol Park, Goole. The price reflects a net initial yield of 5.67%. They are paying for the deal using their own resources but expect senior debt finance to be introduced in the near term. Completion is expected to take place by 5 June […]
Empiric Student Property has been busy in recent days, acquiring a development site in Huddersfield (Oldgate House, pictured) for £11m and a portfolio of five operational, direct-let, premium student accommodation properties in Lancaster and Leicester from CityBlock, comprising a total of 381 beds, bought for £26.5m – this is on top of the deal they […]
TR Property beat its benchmark by a decent margin over the year to the end of March 2015, producing a return on net assets of 28.3% and a share price return of 29.5% as compared to a 23.3% return on the benchmark. The dividend was increased by 3.4% on earnings up 9.9% and the dividend […]
McKay Securities’ results for the year ended 31 March 2015 are out. The EPRA NAV was up 18.9% to 270p. Adjusted profit before tax up 69.2% to £5.79m (fall from £38m to £33m on an IFRS basis which takes into account changes in the value of interest rate hedges). The Total Shareholder Return was 24.8% […]
Empiric Student Property has announced the acquisition of St Margaret’s Flats (pictured) – a freehold, operational, direct-let, student accommodation property in Durham for £5.1m (excluding acquisition costs). Built in 1994, the property has 109 beds, principally comprising 5-bed flats, across five blocks and was refurbished for the 2011/12 academic year. This included the replacement of all kitchens, bathrooms […]
Sirius Real Estate has announced its full year results for the year ended 13 March 2015. The company completed a dual listing on the Alternative Exchange of the Johannesburg Stock Exchange in December 2014 and, at the same time, raised €40m to support the expansion of the property portfolio. The company has since announced the acquisition of […]
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