This sector includes mortgage companies, property management companies and REITs
With the rise in the cost of living dominating investment thoughts for 2022, what will be the likely impact on consumer spending habits and the funds that could benefit? Energy bills soaring and inflation at 5.1%, combined with a tax hike this year, means less money in the pocket and less spend at the tills. […]
In QuotedData’s morning briefing 6 January 2022: Aberdeen Standard European Logistics Income has changed its name to abrdn European Logistics Income with effect from 5 January. The ticker will still be ASLI. We also have news of a couple of new investments by Hg Capital and NextEnergy Solar
Irish Residential Properties REIT (IRES) has acquired 152 residential units in Dublin for €66m, which will be funded from existing credit facilities. The acquisitions include completed apartments as well as a forward commitment to purchase a new development currently under construction in Ashbrook, Clontarf, Dublin 3. Completed apartments (108 apartments) The company has exchanged contracts to […]
Supermarket Income REIT has continued its acquisition push following its recent equity raise with the purchase of two supermarkets – a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales – for £55.1m, reflecting a combined net initial yield of 5.3%. The company has also announced an increase to its revolving […]
In QuotedData’s morning briefing 5 January 2022: Round Hill Music Royalty (RHM) has acquired a significant share of the master artist royalties and entered into a long-term agreement to administer the neighbouring rights income of the catalogue of Nancy Wilson, of the band Heart. The catalogue includes the number one hit “These Dreams” that was […]
In QuotedData’s morning briefing 4 January 2022: Foresight Solar Fund (FSFL) has taken its holdings in the Oakey 1 (30 MW) and Longreach (17 MW) solar farms in Queensland, Australia up to 100%. The fund bought a 49% stake in each farm in December 2017 and has acquired the remaining 51% in each from Canadian […]
In QuotedData’s morning briefing 31 December 2021: International Biotechnology Trust (IBT) will invest in SV Health Investors (the manager)’s forthcoming biotechnology focused private fund, SV Biotech Crossover Opportunities Fund LP. The trust tries to keep its exposure to unquoted stocks between 5% and 15% of its portfolio. Murray International (MYI) says that, with effect from […]
In QuotedData’s morning briefing 30 December 2021: Secure Income REIT (SIR) is paying £33.45m in cash to Merlin Entertainments Limited, and in exchange Merlin has agreed it will extend the lease terms in respect of Alton Towers, Thorpe Park, Warwick Castle and Heide Park, Germany by 35 years, from 20.5 years currently, to 55.5 years […]
In QuotedData’s morning briefing 29 December 2021: Round Hill Music Royalty Fund (RHM) has acquired a significant share of the publishing rights of Niko Moon, the American country singer/songwriter (pictured). The catalogue comprises 29 compositions, including songs performed by Zac Brown Band, Avicii, and Sir Rosevelt, and includes the number one Zac Brown Band hits […]
Each week, our analysts use the ‘QD view’ articles to highlight interesting developments within the investment companies and real estate sectors. Reading back through the views of 2021, there are some constants – the pandemic, renewable energy, and the extraordinary diversity of new issues for example – but you can also trace the emergence of […]
In QuotedData’s morning briefing 24 December 2021: Octopus Renewables Infrastructure Trust (ORIT) has completed its purchase of two onshore wind farms in Finland for about €140m. The Saunamaa and Suolakangas wind farms have a combined installed capacity of 71.4MW, and are in the final stages of commissioning, but the risks associated with the residual construction […]
In QuotedData’s morning briefing 23 December 2021: GCP Asset Backed Income (GABI) has been having issues with its loan to the Co-Living Group (which is currently in administration). An acquisition vehicle was established as planned and two of six agreed assets were transferred across to this vehicle. These two assets have subsequently been sold. Of […]
UK Commercial Property REIT has continued to strengthen its industrial and logistics portfolio with the £94m acquisition of Precision Park in Leamington Spa, Warwick, which includes a government-let ‘Megalabs’, aimed at increasing the UK’s daily testing capacity for COVID-19. Precision Park comprises two distribution units extending to over 380,000 sq ft, a 65,442 sq ft […]
LondonMetric Property has acquired Savills IM UK Income and Growth Fund in a corporate transaction for £122.2m, reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%. The fund owns a portfolio of 15 assets across 482,000 sq ft with 75% in urban logistics and the remainder comprising long income […]
Urban Logistics REIT has bought four assets for £28.6m, as it begins to deploy the proceeds from its recent £250m equity raise. The acquisition price reflects an average net initial yield (NIY) of 5.82%. Three of the assets are income producing, while the fourth is a forward funding development project. The assets Elland Road, Leicester […]
Grit Real Estate, the pan-African real estate company, has raised $156.7m through an open offer and placing. Part of the proceeds, $80.6m, was made through the issue of 155,027,444 new ordinary shares to the shareholders of development company Gateway Real Estate Africa Limited (GREA) and its asset manager Africa Property Development Management Limited (APDM) as […]
LXi REIT (LXI) has acquired a Sainsbury’s supermarket in Middlesbrough for £58.9m. The purchase of the asset will be satisfied through the issue of just over 35.7m new shares in the company at 145p and a further £7m in cash. The seller, Laxmi Nivaria, is an existing long-term shareholder of the company and has agreed […]
In QuotedData’s morning briefing 16 December 2021: Triple Point Social Housing REIT (SOHO) says that Parasol, a registered provider focused on the supported housing sector, has been deemed non-compliant with regards to elements of the Regulator’s governance and financial viability standard. The Regulator would like to see Parasol demonstrate improvement in the areas of business […]
Hammerson has continued its non-core asset sell off with the disposal of six properties for £92m. The group said the sales were in line with its strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. It has exchanged contracts to sell its 50% stake in Silverburn, a 100,000 sqm shopping centre near Glasgow, […]
Aberdeen Standard European Logistics Income (ASLI) has acquired a portfolio of ‘last mile’ urban logistics assets in Madrid for €227m, fully deploying the proceeds of its recent equity raise. The portfolio consists of four phases, with phases one to three comprising seven newly constructed logistics warehouses and phase four comprising one under construction logistics warehouse […]
In QuotedData’s morning briefing 14 December 2021: Polar Capital Technology (PCT) produced an NAV return of 11.5% and share price return of 6.3% for the six months ended 31 October 2021, unfortunately lagging the return on the benchmark of 13.3%. Some stocks that had done exceptionally well during the pandemic gave back some performance as […]
In QuotedData’s morning briefing 9 December 2021: Digital 9 Infrastructure (DGI9) has bought a data centre asset and subsea fibre landing station, SeaEdge UK1, on the UK’s largest data centre campus in Newcastle for a purchase price of £15m. SeaEdge UK1 has a capacity of 10.6MW and a direct connection to the 275KV National Grid […]
Schroder European REIT has reported a NAV total return of 3.2% for the year to 30 September 2021. The group’s NAV was down 1.1% to 149.2 euro cents per share, due to a write down in the valuation of a shopping centre asset in Saville. The group paid a dividend of 7.12 euro cents and […]
Tritax EuroBox has posted a 10.7% uplift in EPRA net tangible assets (NTA) in full year results to 30 September 2021. The group’s EPRA NTA was €1.31 compared to €1.22 last year. The growth was mainly due to an increase in the value of its portfolio of 11.9% on a like-for-like basis, and more than […]
In QuotedData’s morning briefing 7 December 2021: ICG-Longbow Senior Secured UK Property Debt (LBOW) plans to hand back 6.5p per share (£7.9m) to shareholders. The capital return will be effected via an issue of redeemable B shares (issued in proportion to an investor’s holding of ordinary shares and then bought back and cancelled). The capital […]
Life Science REIT, the recently launched real estate investment trust focused on UK life science properties, has completed its maiden acquisition with a £77m purchase in London. The group, which raised £350m in an initial public offering (IPO) in November, has bought Rolling Stock Yard, a nine-storey office and laboratory building near London’s St Pancras […]
In QuotedData’s morning briefing 2 December 2021: ICG Enterprise Trust (ICGT) is investing in European Camping Group alongside funds advised by PAI Partners. The investment is being led by PAI Europe VII. ICGT will invest as a limited partner in that fund and also through a direct co-investment. Altogether, ICGT’s investment will be about €11.2m. European Camping […]
Residential Secure Income, which invests in independent retirement living and shared ownership property, has reported a net asset value (NAV) total return for the year to 30 September of 7.5%. In a positive set of annual results, the group also posted strong income and capital growth. Highlights included: EPRA adjusted earnings up 42%, to £7.1m […]
West End landlord Shaftesbury has resumed final dividend payments after reporting a “remarkable bounce back in activity” across its portfolio. The group, which owns retails, hospitality and office space in the heart of London’s West End, has been heavily impacted by the pandemic, but its chief executive Brian Bickell said in its annual results that […]
Tritax EuroBox has acquired a logistics facility in northern Italy for €49.65m. The asset, in Piacenza, comprises two units that were constructed in 2016 and 2020 with a total gross internal area of 47,800 sqm. The units are let on two separate leases to OVS SpA, an Italian fashion brand which uses the property as […]
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