Tritax Big Box forward funding two new Howdens Joinery warehouses – Tritax Big Box REIT has completed contracts for the site acquisition and forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The properties are pre-let in their entirety under two separate 30 year leases to Howdens Joinery Group Plc, […]
Impact Healthcare REIT buys three care homes – Impact Healthcare REIT has exchanged contracts to acquire in a sale and leaseback transaction a portfolio of three purpose-built care homes in the North-East of England for GBP17 million (including costs). Completion is conditional on, among other things, regulatory approvals, and is expected to take place before the end […]
Safestore aims to fill unlet space – Safestore has published results for the year ended 31 October 2017. Highlights: Group revenue for the year up 12.6% (10.0% in constant exchange rates) Like-for-like group revenue for the year in constant exchange rates up 3.3%. Like-for-like like adjustments have been made to remove the impact of the […]
Aberdeen Standard European Logistics invests in Frankfurt – Aberdeen Standard European Logistics Income has announced that it has exchanged contracts to acquire Flörsheim Logistics Park, Frankfurt for a net value of EUR20.1 million from SEGRO Zehnte Grundbesitz GmbH. The acquisition will be funded from existing cash, following the successful launch of the company on Friday 15 […]
Standard Life Investments Property Income buys logistics facility – Standard Life Investments Property Income Trust has completed the purchase of a logistics facility of 216,180 sq ft in Shellingford, Oxfordshire on the established White Horse Business Park, for GBP11.5m, reflecting an initial yield of 6.5%. The unit is let for 25 years without break, and […]
Tritax buys Unilever distribution centre – Tritax Big Box REIT has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd, one of the world’s leading suppliers of Food, Home and Personal Care products. The total consideration is GBP44.25 million (excluding purchaser’s costs). The property […]
LXB Retail Properties sells its investments in Stafford – LXB Retail Properties has exchanged contracts for the disposal of its two remaining investments at Stafford. It is also updating on further lettings at Rushden Lakes and Sutton. On 21 December 2017, the Group exchanged contracts for the sale of its retail investment at Riverside, Stafford to […]
MedicX invests in Kilkenny – MedicX has announced its fifth acquisition in Ireland. The new member of the portfolio, Ayrfield Medical Park in Kilkenny, is a standing investment and has been purchased by way of a sale and leaseback to the doctors who developed the centre in 2011. In addition to the large GP practice, the […]
Ground Rents Income comments on lease rule changes – Ground Rents Income Fund has released a statement this morning saying that it notes the statement made yesterday by Communities Secretary, Sajid Javid, regarding the leasehold system, the proposed future level of ground rents in England and the release of the Department for Communities and Local […]
Warehouse REIT has announced that it has exchanged contracts to acquire a portfolio of seven industrial assets, in the North West of England, for £18.25m. The transaction is expected to complete today (21 December 2017) and the purchase price reflects a net initial yield of 7%. The acquired portfolio The acquisition brings the Company’s assets […]
