SEGRO PLC has announced that it is to acquire 90% of Vailog Srl for €39.6m (£28.1m). SEGRO say that the purchase will allow them to establish a strategic big box warehouse presence in the Northern Italian logistics market with opportunities to grow additional scale through development. Segro also say that Vailog has developed over 1.5 million […]
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 […]
Secure Property Development & Investment has announced that it has agreed to acquire a series of property assets in Romainia and Bulgaria reflecting its strategy to build a portfolio of commercial real estate in East and South East Europe. The acquisition is to be funded by issuing new SPDI shares to the vendors of the […]
Great Portland Estates’ results for the year ended 31 March 2015 show a 24.6% uplift in its EPRA NAV as the property portfolio delivered underlying capital growth of 18.0% with a total property return of 21.5%. This in turn was driven by falling yields. Including rent from pre-lets and leases currently in rent free periods, the […]
Big Yellow has announced results for the year ended 31 March 2015. Over the period, the adjusted net asset value rose by 14%, adjusted profit before tax rose by 35%, the EPRA earnings per share rose by 32% to 27.1p and the total dividend for the year was increased from 16.4p to 21.7p (+32%). Big Yellow […]
Land Securities results for the year ended 31 March 2015 show a 27.6% increase in adjusted diluted net asset value per share, a 2.5% increase in adjusted diluted earnings per share and they are upping the full year dividend by 3.7% to 31.85p. The ungeared total property return for the year was 23.0%, outperforming the 17.1% return […]
Schroder Real Estate has announced the acquisition of the freehold interest in St. John’s Retail Park in Bedford for £31.8m, reflecting a net initial yield of approximately 6.5%. The property is located approximately 1.5 miles to the south of Bedford town centre and comprises a 130,000 sq ft retail warehouse park let to 12 tenants with […]
Green REIT has entered into a conditional contract for the acquisition of One Albert Quay, a grade A office building under construction in Cork city centre, with pre-lets agreed for over half of the building. One Albert Quay is being developed by JCD Group, led by CEO John Cleary, a local developer with a strong […]
Highcroft Investments has acquired the entire issued share capital of B L (Wisbech) Ltd together with its wholly owned subsidiary Belgrave Land (Wisbech) Ltd from its six private shareholders. B L (Wisbech) Ltd and Belgrave Land (Wisbech) Ltd own a single asset, the Belgrave Retail Park in Wisbech, Cambridgeshire, which comprises a freehold retail warehouse park totalling 56,082 […]
Kennedy Wilson Europe is paying €30m for Puerta del Sol 9, a high street property in the iconic Plaza Puerta del Sol in Madrid. Plaza Puerta del Sol is a landmark location in the heart of Madrid’s city centre offering a wide range of restaurants, shops, cultural sights and attractions. Recently, the plaza benefitted from […]
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