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Real Estate News

This sector includes mortgage companies, property management companies and REITs

Today

Target Healthcare adds to portfolio

Target Healthcare adds to portfolio – Care home investor Target Healthcare has acquired two new properties for £18.6m. It has bought assets in Ripon, Yorkshire and Stourport, West Midlands, with both meeting the group’s strict investment criteria of being modern, well equipped care homes with 100% en-suite wetrooms, underpinned by supportive fundamentals. The Moors Care Centre, in […]

Today

QuotedData’s other news 23 August 2019

In QuotedData’s other news 23 August 2019: Africa Opportunity shrinks board – Chris Agar, Dr. Vikram Mansharamani, and Mr. Peter Mombaur resign as directors with effect from 22 August 2019 so that the trust can save money. We have a raft of half-year reports: BMO Private Equity made 2.4% in NAV terms and 13.7% in share […]

22 Aug 2019

Irish Residential Property REIT receives 428-unit Dublin approval

Irish Residential Property REIT receives 428-unit Dublin approval – Irish Residential Properties REIT has been granted planning permission for its 428 unit residential development at Rockbrook in Sandyford, Dublin 18, through the strategic housing development planning process. The permission provides for a scheme consisting of 428 apartments in two blocks (32 studio apartments, 122 one-bedroom […]

21 Aug 2019

QuotedData’s other news 21 August 2019

In QuotedData’s other news 21 August 2019 Regional REIT has made a sizeable acquisition – six office assets for £25.9m, comprising offices located in Birmingham, Bristol, Cardiff, Chester, Glasgow and Manchester. The assets total circa 172,442sq. ft. and are expected to provide a net income of approximately £2.36m a year from 27 tenants; equating to a net […]

20 Aug 2019

RDI REIT completes £75m London office portfolio refinancing

RDI REIT completes £75m London office portfolio refinancing – RDI REIT (RDI), the income focused UK-REIT, has confirmed that, further to the announcement on 5 June 2019, it has completed the second and final stage of its £75m London serviced office portfolio refinancing. The facility, provided by Aberdeen Standard Investments for a seven-year term, has refinanced […]

20 Aug 2019

Primary Health Properties completes £6.4m developments

Primary Health Properties completes £6.4m developments – Primary Health Properties (PHP), the modern primary healthcare facilities investor, has announced that it has reached practical completion on two developments from separate developers at Glynneath and Langwith at a total cost of £6.4m (£4.6m and £1.8m respectively). The properties are let on 20 year leases to the Abertawe Bro […]

19 Aug 2019

QuotedData’s other news 19 August 2019

In QuotedData’s other news 19 August 2019 – Acorn Income Fund has reported interim results showing its portfolio lagging the Numis Small Cap Index and the All Share. Acorn’s geared structure made up for some of the shortfall (the NAV return was 9.7% against 10.5% and 13.0% for the indices, respectively) and a narrower discount […]

14 Aug 2019

CLS Holdings posts half-year NAV and profit growth

CLS Holdings posts half-year NAV and profit growth – The company has reported a 5% rise in net asset value for the first half of 2019 as well as a 28.2% jump in profits. CLS, which has a £2.1bn portfolio in the UK, Germany and France, posted a EPRA NAV per share of 325.3p, compared to […]

14 Aug 2019

Green REIT board recommends €1.34bn sale to Henderson Park

Green REIT board recommends €1.34bn sale to Henderson Park – Green REIT has reached agreement on the terms of a cash offer by Henderson Park to acquire it. The independent Green REIT board has unanimously recommended the deal, which will see Henderson Park subsidiary HPREF Dublin Office Bidco acquire the company for around €1.34bn. Under the terms […]

14 Aug 2019

Regional REIT provides lettings update

Regional REIT provides lettings update – Regional REIT (RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, this morning announced successful lettings amounting to around £1.27m per annum; RGL notes that the lettings provide a major uplift […]

13 Aug 2019

Impact Healthcare REIT completes two Ipswich deals

Impact Healthcare REIT completes two Ipswich deals – Impact Healthcare REIT (IHR) offers investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes. The company has this morning announced that it has exchanged contracts to acquire two care homes and added a high-quality new tenant for a net outlay of […]

12 Aug 2019

QuotedData’s other news 12 August 2019

In QuotedData’s other news 12 August 2019 Unite Group, one of the UK’s leading owners, managers and developers of student accommodation, announces that it has exchanged contracts to acquire a new 620-bed development site in Nottingham.The direct let development, which is subject to planning consent, will open in time for the 2022/23 academic year. Total development costs […]

09 Aug 2019

QuotedData’s other news 9 August 2019

In QuotedData’s other news 9 August 2019 BMO Global Smaller Companies has announced the issue of £35m of fixed-rate 20-year unsecured private placement notes at a coupon of 2.26%. This refinances the company’s 3.5% Convertible Unsecured Loan Stock (“CULS”) which matured on 31 July 2019. RDL Realisation has announced a special dividend of 255p per share. The special […]

08 Aug 2019

Tritax Big Box on road to serious growth

Tritax Big Box on road to serious growth – Tritax Big Box REIT posted an uptick in profits in the first half of the year on the back of strong rental growth. Operating profit before changes in fair value of investment properties increased by 5.7% to £60.7m, while rental income grew 3.5% to £166.8m. The […]

08 Aug 2019

AEW Long Lease rethinks its future

AEW Long Lease rethinks its future – AEW UK Long Lease REIT has rejected several takeover approaches and plans to go it alone. The company received several proposals, but the board concluded none of the proposals reflect the true value of the group. The company said the proposals, in some instances, undervalued certain of the group’s assets or […]

08 Aug 2019

Phoenix Spree discusses Berlin rent controls

Phoenix Spree discusses Berlin rent controls – Phoenix Spree Deutschland, the UK listed investment company specialising in Berlin residential real estate, has updated on proposed rent controls in the German capital. The proposed new Berlin State rent controls continue to create significant uncertainty which has negatively impacted the company share price, resulting in a valuation discount […]

08 Aug 2019

Derwent London sells Clerkenwell office

Derwent London sells Clerkenwell office – Derwent London has sold a central London office building for £103m and reports strong half year results. It has exchanged contracts to sell The Buckley Building, in Clerkenwell, London for £103m. The 85,100 sq ft office building, which produces annual income of £4.87m, has been sold to to CBRE Global Investors at a […]

08 Aug 2019

QuotedData’s other news 8 August 2019

In QuotedData’s other news 8 August 2019 Assura has raised £107m of debt through the issue of private placement notes with maturities in 10 and 15 years – £47m issued now and £60m on 25 October – with a weighted average interest rate of 2.3%. Discount-driven investor, City of London, now has a 5% stake […]

07 Aug 2019

QuotedData’s other news 7 August 2019

In QuotedData’s other news 7 August 2019 – Hansa Trust will be kicked out of UK indices on liquidity grounds (free float too small) when it redomiciles to Bermuda, putting some selling pressure on the stock. Effective date 29 August 2019. FastForward may have to sell its stake in Cryptologic after that company said it would […]

06 Aug 2019

Stenprop records significant rental growth in industrial portfolio

Stenprop records significant rental growth in industrial portfolio – Stenprop has reported strong leasing success and significant rental growth in its UK multi-let industrial (MLI) portfolio. In a trading update for the period from 1 April 2019 to 30 June 2019 the company completed 29 new lettings and 17 lease renewals at average rental uplifts of 24% and […]

06 Aug 2019

QuotedData’s other news 6 August 2019

In QuotedData’s other news 6 August 2019 – VPC Speciliaty Lending says that it has put in place an amended funding arrangement with Oakam, a UK-based digital micro-lender. Oakam got itself into trouble and was placed in administration. It came out of administration at the end of June and received a £6m cash injection from its […]

06 Aug 2019

Onwards and upwards at Civitas

Onwards and upwards at Civitas – on the face of it, the second quarter of 2019 was a relatively quiet one for Civitas Social Housing. Its NAV at the end of June 2019 rose to 107.21p, up from 107.08p and the annualised rent roll went from £45.7m to £46m. The quarterly dividend was 1.325p, in […]

05 Aug 2019

Warehouse REIT drives up rent with Boots deal

Warehouse REIT drives up rent with Boots deal – Warehouse REIT has secured a 10-year lease renewal with Boots at a 42% uplift in rent. Boots has signed the lease renewal at the warehouse at Daneshill Industrial Estate in Basingstoke, which comprises 113,000 sq ft of distribution facilities on a six acre site, with no […]

05 Aug 2019

QuotedData’s other news 5 August 2019

In QuotedData’s other news 5 August 2019 Chenavari Toro’s tender offer for 5% of its shares was not taken up in full – just 2.9% of shares were tendered validly – the company will shrink by just under €8m. Foresight Solar has refinanced 312MW of solar farms with a GBP170 million term loan facility, a GBP65 […]

01 Aug 2019

Palace Capital converts to REIT

Palace Capital converts to REIT – Palace Capital will join the UK REIT regime from today. The company has provided HMRC with notice of the conversion and said it expects to pay the first dividend as a UK REIT in December. It also announced a significant letting at its Sol Northampton leisure scheme. It has let […]

01 Aug 2019

QuotedData’s other news 1 August 2019

In QuotedData’s other news 1 August 2019 GCP Student Living is planning to dip into its debt facilities to fund the acquisition of the 412-bed Scape Mile End Canalside. Its LTV ratio could move into the mid 30s per cent. level. Fidelity Japan was 7.6% ahead of its benchmark at the half-year stage (up 14.8%). The […]

31 Jul 2019

Sale of Green REIT progresses

Sale of Green REIT progresses – Green REIT, the Dublin-listed developer and investor with an €1.48bn portfolio of offices and logistics in Ireland, is in exclusive talks to sell the company to UK private equity company Henderson Park Capital Partners. In a stock exchange announcement the company said: “Having assessed the bids received as part […]

31 Jul 2019

Countrywide cuts losses as turnaround plan kicks in

Countrywide cuts losses as turnaround plan kicks in – The UK’s biggest estate agency group, Countrywide, reported hugely reduced losses in the first half of this year as its “back to basics” turnaround plan took effect. Losses were £37.7m in the first six months to June, down from £206.4m last year. Group income was down […]

31 Jul 2019

Intu Properties results and market reaction reflect retail woes

Intu Properties results and market reaction reflect retail woes – The shares of the shopping centre-focused real estate company, Intu Properties (INTU), are down by 17.6% this morning (at the time of writing), after it published its half-year results to 30 June 2019. Headline numbers reported this morning include: Net rental income £205.2m: -17.9% (-7.7% on […]

31 Jul 2019

Hibernia REIT updates on Irish property market

Hibernia REIT updates on Irish property market – Dublin-focused Hibernia REIT (HBRN) has released a trading update covering the period from 1 April 2019; main takeaways include office vacancies at the end of June 2019 coming in at 5.9% for Grade A space in central Dublin and 6.4% for Dublin overall.  Prime Grade A headline […]

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