Register Log-in Investor Type

Real Estate News

This sector includes mortgage companies, property management companies and REITs

22 Jan 2020
NewRiver's capital recycling programme continues with £162.9m of deals

NewRiver’s capital recycling programme continues with £162.9m of deals

NewRiver REIT has continued its strategy of recycling capital into high yielding property with £162.9m transacted so far in FY20, it announced in a trading update. The update for the quarter ending 31 December 2019 revealed it had sold £70.3m worth of assets at a blended yield of 4.9% and acquired £92.6m worth of property […]

22 Jan 2020
Town Centre Securities updates on performance ahead of half-year results

Town Centre Securities updates on performance ahead of half-year results

Town Centre Securities (TCS), the property investor, developer and car park operator, has updated the market on its performance in the half-year ended 31 December 2019 ahead of its half-year results. Overview TCS is continuing to reposition its portfolio away from retail, investing in its estate through asset management and delivering and improving its development […]

22 Jan 2020

QuotedData’s other news 22 January 2020

In QuotedData’s other news 22 January 2020 Yellow Cake, the uranium fund, is instituting a $2m buyback programme in an effort to narrow its discount. The programme lasts for three months, shares will be held in treasury. Syncona says that its portfolio company, Freeline will be disclosing further data from its Phase 1/2 B-AMAZE trial investigating […]

21 Jan 2020

QuotedData’s other news 21 January 2020

In QuotedData’s other news 21 January 2020: Troy Income & Growth reports that 25.4m shares were voted against one of the resolutions proposed at its AGM. The resolution still passed as 80m shares were voted in favour. The resolution was one that allows TIGT to issue shares without first offering them to existing shareholders. As TIGT […]

21 Jan 2020

Aberdeen Standard European Logistics completes its investment in Den Hoorn

Aberdeen Standard European Logistics completes its investment in Den Hoorn – Following the announcement dated 16 December 2019, Aberdeen Standard European Logistics has confirmed that it has completed its acquisition of the freehold logistics warehouse in Den Hoorn, the Netherlands, for a net value of EUR49.9 million, providing a net initial yield of 4.5%. This is […]

21 Jan 2020

Shaftesbury dispute with Samuel Tak Lee rumbles on

Shaftesbury dispute with Samuel Tak Lee rumbles on – first a statement from the board: “As shareholders will be aware, the Board was served with legal proceedings issued by companies controlled by Mr Lee in June 2019. The proceedings concern allegations and claims relating to the equity placing conducted by the Company in December 2017, […]

20 Jan 2020

Intu seeks £1bn in equity raise

Embattled shopping centre owner Intu is planning to raise as much as £1bn in fresh equity next month in a bid to shore up its balance sheet. In an announcement responding to a Sunday Times article, the company this morning said it was targeting an equity raise alongside its full year results at the end […]

20 Jan 2020

Warehouse REIT provides trading update and increases dividend

Warehouse REIT has provided a trading update for the period since 1 October 2019 during which it has completed 24 new lettings and 20 lease renewals 6.4% ahead of estimated rental value (ERV). The group has also increased its dividend for the quarter and its target for the year from 6p to 6.2p per share. […]

20 Jan 2020

Target Healthcare completes Cheshire care home acquisition for £9.7m

Target Healthcare, the care home investor, has completed the acquisition of a new development site in Cheshire for £9.7m as it continues to deploy the proceeds from its recent oversubscribed capital raise. The group has also completed the acquisition of three other schemes, located in Yorkshire and Wales, and the construction of a care home […]

16 Jan 2020

AEW UK REIT posts marginal fall in NAV

AEW UK REIT posted a marginal fall in its net asset value (NAV) for the three months to the end of December 2019 The company, which owns a diversified portfolio of 35 regional UK commercial property assets, reported NAV of 97.24p per share for the quarter, a decrease of 0.1% on September’s NAV of 97.36p per share. The […]

16 Jan 2020

Workspace reports increase in enquiries and lettings

Workspace Group reported an increase in enquiries and lettings for the fourth quarter of 2019 despite the increased political uncertainty leading up to the general election. The company had 1,001 enquiries per month in the three months to the end of December (up from 907 in 2018) and made 113 lettings per month (2018: 98) […]

15 Jan 2020

QuotedData’s other news 15 January 2020

In QuotedData’s other news 15 January 2020 Standard Life Private Equity said that Peter McKellar, global head of private markets at Aberdeen Standard Investments, the investment manager, bought £500,000 worth of shares in the company – a massive vote of confidence we think, and taking advantage of the discount that the shares trade on. Chenavari Toro […]

14 Jan 2020

Helical fully-lets Old Street office scheme

London property developer Helical has let the final floor of The Tower office scheme, near Old Street, taking the building to 100% let. Brilliant Basics, an Infosys Company and existing occupier, has taken the 11,331 sq ft 15th floor on a five-year lease, taking its total footprint to 40,479 sq ft across four floors as […]

14 Jan 2020

PRS REIT completed 256 new rental homes in final quarter of 2019

The PRS REIT has provided an update for the three months to the end of December 2019 during which it completed 256 new rental homes bringing its total portfolio to 1,617 homes. The new homes will contribute £2.6m per year to the company’s rental income, increasing its annualised rental income to £14.9m. The group said demand […]

14 Jan 2020

Macau Property Opportunities reflects on growing optimism

Macau Property Opportunities (MPO) has provided an update covering the six month period to 30 September 2019. Over the period, shareholders voted to extend the company’s lifespan by one year until the next continuation vote in November 2020, in order to enable an orderly ongoing divestment process. Revised fee structures for the manager and the administrator […]

13 Jan 2020

Assura updates on primary care portfolio

Assura, the investor and developer of primary care property, announced a trading update for the third quarter ending 31 December 2019 in which it made six acquisitions and completed its third development of the year. The company now has a portfolio of 563 properties that produces an annual rent roll of £105.8m. The six acquisitions competed […]

10 Jan 2020

Great Portland Estates sells Kurt Geiger-let office

Great Portland Estates has exchanged contracts to sell a central London office let to Kurt Geiger for £64.5m. The sale of 24/25 Britton Street, which is located in the City fringe area, to an overseas investor reflects a net initial yield of 4.07% and a capital value of £1,255/sq ft. It was also sold at […]

10 Jan 2020

QuotedData’s other news 10 January 2020

In QuotedData’s other news 10 January 2020 Ground Rents Income Fund has refinanced its debt, reducing its overall interest cost from 3.37% to 2.76%, increasing the loan to value covenant on its debt from 40% to 45% (giving it more headroom to borrow if it chooses – the current loan to value ratio is 24%) and […]

08 Jan 2020

CLS acquires office in Staines for £19m

CLS Holdings, the UK, France and Germany focused property company, has exchanged contracts to acquire an office building in Staines for £19m. It has bought ‘TWENTY’ Kingston Road, which comprises 44,230 sq ft of grade A, multi-let office space, for a net initial yield of 5.3%. The asset is currently let to four tenants with a WAULT […]

08 Jan 2020

Midlands-focused Real Estate Investors Sanguine on 2020 outlook

Real Estate Investors (RLE) has released a trading update with CEO Paul Bassi, commenting, “Despite high levels of economic and political uncertainty creating a relatively static market in 2019, we have increased our revenues and covered our dividend payments, with contracted rents rising to £17.66m, up 3.85% over the year. Looking ahead into 2020, we anticipate […]

07 Jan 2020

Triple Point Social Housing adds 4 supported living properties

Triple Point Social Housing adds 4 supported living properties – Triple Point Social Housing (SOHO) has completed the acquisition of 4 supported housing properties, totalling 41 units in total, for around £6.3m (excluding costs). The properties are located in Yorkshire (35 units) and the East of England (6 units).  The company has entered into new full […]

06 Jan 2020

Urban Logistics pipeline worth more than £300m

Urban Logistics REIT (SHED) has provided an update on its pipeline of acquisitions.  SHED says that its manager, Pacific Capital Partners Limited, has significant experience in sourcing quality properties off-market with opportunities for significant value creation. It constantly reviews the market for potential investment opportunities and has identified a large pipeline of high-quality logistics properties […]

06 Jan 2020

Sirius Real Estate adds two more German business parks for €33.4m

Sirius Real Estate (SRE), which operates business parks providing conventional and flexible workspace across Germany, has completed the acquisition of two business parks for total of €33.4m. The company has bought Neuss II, a business park near Düsseldorf, and Neuruppin business park, in the Brandenburg region, reflecting an aggregate EPRA net initial yield of 6.8%. […]

02 Jan 2020

Regional REIT snaps up Edinburgh office for £10.3m

Regional REIT has acquired an office asset in one of Scotland’s premier business parks for £10.3m. The office asset comprises 43,676 sq ft over three floors, currently 100% let to John Menzies, an international aviation business and one of Scotland’s largest companies. The current contracted rent of £880,000 a year provides a net initial yield […]

02 Jan 2020

CLS sells government-let office portfolio for £65m

CLS Holdings has sold a portfolio of government-let regional offices in the UK for a total of £65m to Elite Capital Partners – a Singaporean investment firm. The 19 offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset management potential. The group […]

30 Dec 2019

Regional REIT secures series of lettings 3% ahead of ERV

Regional REIT has announced a series of lettings 3% ahead of the expected rental value (ERV). The six leasing deals, which are spread across the portfolio, amount to a total rental income of £589,856 a year and comprise: A 9,581 sq ft renewal at Star House in High Wycombe to Star Micronics for five years […]

23 Dec 2019

Derwent London sells 40 Chancery Lane for £121.3m

Derwent London has exchanged contracts to sell its long leasehold interest in 40 Chancery Lane for £121.3m. The 103,700 sq ft office and retail building is let to Publicis Group until July 2035, with a tenant break in July 2033, at a net income of £5.5m per annum. The sale price represents a net yield to […]

23 Dec 2019

Tritax EuroBox acquires €50m logistics property in the Netherlands

Tritax EuroBox, which invests in Continental European logistics real estate assets, has acquired a prime newly developed logistics property at Breda, in the Netherlands, for €50.3m. The deal reflects a net initial yield of 4.6%, with the potential to add value through the letting of the vacant units. The property, purpose-built in November 2019, is situated in an […]

23 Dec 2019

GCP Student raises £77m from placing

GCP Student, the UK REIT focused on student residential assets, has rasied £77m from an over-subscribed placing. It had targeted proceeds of £75m but was boosted by an application in respect of £50m of gross proceeds from APG Asset Management in its capacity as the discretionary manager of various pension funds. A total of 41,365,400 shares […]

23 Dec 2019

McKay sells City of London office for £76.5m

McKay Securities has sold a prime City of London office for £76.5m. The REIT, which is focused on the London and South East office and industrial markets, has disposed of 30 Lombard Street at a net initial yield of 4.16%. McKay, which completed the redevelopment of the 58,500 sq ft building in early 2019, pre-let […]

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…