This sector includes mortgage companies, property management companies and REITs
In QuotedData’s morning briefing 14 September 2021: Henderson High Income, managed by David Smith (pictured), made a great start to 2021 outperforming its benchmark by 3.9% to produce an NAV return of 12.3% for the six months ended 30 June. Shareholders did much better than that though as the discount was eliminated, providing a return […]
Civitas Social Housing has been the subject of negative press over the weekend. The Sunday Times reported that ShadowFall – an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price – has a short position in […]
Tritax EuroBox is looking to raise £170m (€200m) to acquire further assets, after also announcing today that it will forward fund a logistics development in the Ruhr region of Germany. The proposed placing of 152.5 million shares will be at an issue price of 111.5 pence, representing a discount of 3.0% to the closing share […]
In QuotedData’s morning briefing 9 September 2021: BlackRock Throgmorton is asking investors to allow it to issue more shares. The permission given by investors at the last AGM is starting to run out as the success of the trust attracts new investors. Growing the trust adds to the NAV, because all new shares are issued […]
Standard Life Investments Property Income Trust (SLI) has acquired land that will be used to offset carbon emissions from its portfolio, in a first for the property sector. The 1,447 hectares of upland rough grazing and open moorland in the Cairngorm national park has been purchased for £7.5m. The site supports 956 hectares for planting […]
LondonMetric Property has acquired three urban logistics warehouses for £35.4m in separate transactions, reflecting a blended net initial yield (NIY) of 4.4% and a reversionary yield of 4.9%. The properties generate a combined rent of £1.7m a year with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses have a […]
In QuotedData’s morning briefing 7 September 2021: Augmentum Fintech has made a $10m investment in AnyFin, a Stockholm-based consumer credit refinancing company. Anyfin (www.anyfin.com) was founded in 2017 by former executives of Klarna, Spotify and iZettle, and leverages technology to allow credit-worthy consumers the opportunity to improve their financial wellbeing by consolidating and refinancing existing credit […]
We like a contrarian investor and one that will put its money where its mouth is. Well, step forward Regional REIT. The trust this week bought a £236m portfolio of regional offices (growing the size of its portfolio by more than a third) at a time when most are shying away from the sector with […]
Regional REIT has acquired a portfolio of 31 multi-let offices for £236m. The group, which recently changed its investment strategy to be purely focused on UK offices, said the consideration to be paid to the vendor (Squarestone Growth LLP) will be satisfied by three components: the issuance of 84,230,000 new ordinary shares in the company at […]
Home REIT, which invests in a portfolio of accommodation for the homeless, is looking to raise £262m from a placing. The group has fully deployed the net proceeds of its £240m IPO in October 2020 and over 70% of its £120m debt facility, establishing a £328m portfolio providing more than 3,800 beds for homeless people across […]
Responsible Housing REIT announces intention to float, looking to raise up to £250m to invest into supported housing accommodation across the UK. Managed by BMO Real Estate Partners, part of BMO Global Asset Management, the REIT said it would aim to address a lack of available, quality accommodation catering for supported residents across a number of care […]
Ediston Property Investment Company has acquired Springkerse Retail Park, Stirling, for £21.85m, reflecting a net initial yield of 9.54%. The group has bought the 162,593 sq ft retail park from the proceeds of its sale of a Tesco supermarket, with the net operating income from the new acquisition 35% higher than the rent received from Tesco, […]
Shaftesbury, which owns a 16-acre portfolio in London’s West End, has reported a significant reduction in vacancy in a trading update as footfall and trading recover. The group said vacant available-to-let space across its portfolio of retail, hospitality, leisure and offices was down to 4.6% at 31 July (from 8.4% at 31 March). This decreased […]
August has traditionally been a quiet month for property investment deals, as fund managers recharge their batteries ahead of a customary bumper final quarter of the year. Not this year, seemingly, with several high-profile deals going through in the last couple of weeks. For instance, LondonMetric sold a ‘big box’ warehouse for £102m earlier this week […]
Aberdeen Standard European Logistics Income (ASLI) has reported an uplift in net asset value (NAV) in the quarter to 30 June 2021. The group posted a 1.6% increase in NAV to 123.6 euro cents (2.4% in pound sterling to 106.1p), which reflected a NAV total return of 14.7% in the year to 30 June 2021. […]
In QuotedData’s morning briefing 19 August 2021: Custodian REIT has paid £1.9m to buy a 29,676 sq ft industrial unit on Wester Gourdie Industrial Estate, Dundee, adjacent to the A90. The unit is occupied by Menzies Distribution Limited with an unexpired term to first break or expiry of 5.2 years. The unit has a passing rent of £117,500 […]
Sirius Real Estate, the German business park owner and operator, has acquired four assets and one land parcel for €84.8m. The business parks are located in Oberhausen, Frankfurt, Heiligenhaus and Öhringen and provide over 150,000 sqm of lettable space. In addition, the company has acquired a land parcel adjacent to its existing asset in Neuruppin. […]
In QuotedData’s morning briefing 17 August 2021: We noted yesterday that RTW Venture was conducting a quick fundraise. In the event, RTW issued 1,419,276 new shares. AEW UK REIT (AEWU) is managed by AEW UK Investment management LLP, a joint venture between AEW in Europe and Richard Tanner, Rachel McIsaac and Nick Winsley – investing through an […]
LondonMetric Property has exchanged to sell its Primark-let distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for £102.0m, reflecting a net initial yield of 4.1%. The group acquired the property in 2013 for £60.5m, at a net initial yield of 6.4%, and since acquisition, the property has delivered a total return of 123% and an […]
The bumper spell of merger and acquisition (M&A) activity in the UK listed real estate sector has some way to play out yet, with several companies still looking like attractive targets. The share prices of many property companies have yet to return to pre-pandemic days – perhaps understandably when rent collection rates are still below […]
In QuotedData’s morning briefing 12 August 2021: Riverstone Credit Opportunities (RCOI) says its end June NAV was $1.03, unchanged from end December 2020. It has declared dividends totalling 3.5 cents for the first six months of the year. It concluded four deals over the first half of 2021, two of which – a water infrastructure company (Blackbuck […]
Derwent London adds to West End portfolio – Derwent London has announced three off-market West End transactions. West End Properties The largest property being acquired is 250 Euston Road NW1 which totals 165,900 sq ft and sits on a 1.6 acre site. This freehold office building is let in its entirety to University College London Hospital […]
In QuotedData’s morning briefing 10 August 2021: Literacy Capital (BOOK) says that Butternut Box, a business providing healthy, fresh dog food on a subscription to dog owners’ doors, has finalised a funding round to raise further equity to support the continued growth of the business. As at 30 June 2021, Butternut Box was Literacy Capital’s 3rd largest […]
The potential offer for Drum Income Plus REIT (DRIP) by Custodian REIT (CREI), which we think makes perfect sense for both sides (see our news story for more detail) got us looking into the wider UK commercial property peer group to see how are they faring now as the country transitions out of lockdown. The […]
Civitas Social Housing is considering an equity raise to fund its acquisition pipeline and enhance returns. The group said uncommitted capital resources were limited so it would evaluate options, including a potential equity raise, to fund new acquisitions. An £85m M&G debt facility, agreed earlier this year, has been invested or reserved for existing pipeline […]
In QuotedData’s morning briefing 5 August 2021: JPEL Private Equity is returning $85m to investors – using cash it had on its balance sheet and the proceeds of its sale of Swania International. Effectively, this will mean the compulsory redemption of about 42.5m JPEL shares, about 51.5% of the company. The redemption price is based on […]
Standard Life Investments Property Income Trust (SLI) has reported a 3.5% jump in net asset value (NAV) in the quarter to 30 June 2021, as the property market continues to bounce back from the impact of COVID. The increased in NAV, to 88.3p per share, was due to a 3.3% like-for-like rise in the value […]
Custodian REIT (CREI) is in discussion over a possible securities exchange offer for the entire issued share capital of Drum Income Plus REIT (DRIP). The possible offer is at a ratio of 0.535 CREI ordinary shares for each DRIP ordinary share, giving an implied value for the entire issued and to be issued share capital of DRIP […]
In QuotedData’s morning briefing 3 August 2021: Vietnam Holding (VNH) proposes to hold a tender for up to 30% of its issued share capital. To be eligible to participate, shareholders must have owned the share on 2 August. Shareholders will be asked to approve the tender at a meeting scheduled for 31 August 2021 and payment […]
In QuotedData’s morning briefing 29 July 2021: Chrysalis Investments (CHRY) has sold its stake in Embark Group to Scottish Widows, part of Lloyds Banking Group for £390m. Existing shareholders of Embark, including Chrysalis, will retain its Rowanmoor SIPP and SSAS administration business. Chrysalis first invested in Embark in July 2019 and invested further follow-on capital in May 2020. […]
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.
Due to data protection policies, USA residents can not access our data.
Your content has been curated