This sector includes mortgage companies, property management companies and REITs
Warehouse REIT buys 200,000 sq ft of last mile warehouses – Warehouse REIT has bought a portfolio of four single and multi-let distribution warehouse assets for £18.6m. The purchase price reflects a blended net initial yield of 6.1%. Situated in key strategic last mile distribution hubs within the North West and the West Midlands, the 200,000 […]
UK Commercial Property buys Asda in Torquay – UK Commercial Property REIT has completed the acquisition of an ASDA supermarket in Torquay, Devon, from Aviva Investors for £16.6m, representing a net initial yield of 4.70%, rising to 5.24% in July 2021. The 33,000 sq ft supermarket in Torquay is fully let to ASDA on a long […]
In QuotedData’s morning briefing 22 December 2020: The Renewables Infrastructure Group has exchanged contracts to invest in Phoenix SAS, which owns a portfolio of operational wind and solar renewable energy assets. The portfolio comprises five onshore wind farms in Northern France with a combined capacity of 74MW and four operational solar parks with battery storage located […]
In QuotedData’s morning briefing 21 December 2020 – Schroder British Opportunities (SBO) announced its investment into Learning Curve Group (LCG), described as a leading private UK training and education specialist. SBO invested alongside Agilitas, a pan-European mid-market private equity firm. LCG represents SBO’s first private equity investment. LCG provides opportunities for over 120,000 learners and 4,500 employers […]
AEW UK REIT (AEWU) has announced that it has unconditionally exchanged contracts to sell Sandford House, Homer Road, Solihull for £10.5 million. The sale is due to complete on 1 February 2021 and the Company will receive income from the asset until this date. Subsequent to this, the Investment Manager intends to reinvest sale proceeds on behalf […]
Schroder Real Estate Investment Trust (SREI) has announced that it has completed the acquisition of Stanley Green Trading Estate together with an adjoining development site in Cheadle, South Manchester, for a total consideration of £17.25 million, reflecting a blended net initial yield of 5.2%. This is in line with the strategy to selectively deploy available […]
Capital & Regional says things are perking up – 98% of its stores, comprising 621 shops, are back open and trading across the its seven shopping centres, following the end of the national lockdown on 2 December 2020. During the lockdown approximately 38% remained open including both retailers providing essential goods and services and those […]
In QuotedData’s morning briefing 17 December 2020: Schroder BSC Social Impact Trust has raised gross proceeds of £75m from its IPO. The company will use part of the net proceeds to acquire seven assets from Big Society Capital with the balance of the net proceeds to be invested in accordance with the company’s investment policy and/or used […]
Retail park investor and developer Ediston Property Investment Company has delivered a net asset value (NAV) total return for the year to 30 September 2020 of -16.6% as COVID impacts the value of its properties. Operationally, the year was a strong one despite the effects of the pandemic. The group carried out eight asset management […]
In QuotedData’s morning briefing 16 December 2020: Ruffer backs Bitcoin – in a surprise move, the trust says “One recent addition, via one of the specialist managers appointed within the Ruffer Multi-Strategies Fund, has been bitcoin. This is primarily a defensive move, one made in November after reducing the company’s exposure to gold. The exposure to […]
The impact of the COVID-19 pandemic on London’s West End was laid bare in Shaftesbury’s full year results, which saw net asset value (NAV) fall 24.3%. The company, which owns a 16-acre portfolio of assets in London’s West End including Carnaby Street, posted an EPRA NAV of £7.43 per share at 30 September 2020 (2019: […]
Grit Real Estate Income Group, the pan-African real estate company, has reported a big drop in net asset value (NAV) as a result of the impact of COVID-19 on its retail and hospitality properties. The group’s NAV per share for the year to the end of June 2020 was US$1.186 compared to US$1.471 at June […]
SEGRO has acquired a controlling stake in Euronext Paris listed company Sofibus Patrimoine, which owns a portfolio of urban logistics assets in Paris. SEGRO already owned a 19.5% stake in the company and today has bought a further 74.9% for €178.6m – valuing the company at €238.5m. When the transaction completes SEGRO will own 94.4% […]
In QuotedData’s morning briefing 15 December 2020: Triple Point Social Housing has secured an increase to its existing Revolving Credit Facility (RCF jointly provided by Lloyds Bank and National Westminster Bank. The RCF will increase from £130m to £160m. The term has been extended by a year to 20 December 2023 and comes at 1.85% over LIBOR. […]
Tritax EuroBox, the Continental European logistics investor, has let 25,607 sqm of logistics space in Breda, the Netherlands, to Samsung SDS, the IT arm of Samsung Group. The lease, which has been agreed for a three-year term subject to annual CPI uplifts reflecting 100% of the Dutch Consumer Price Index, includes green clauses that ensure the […]
Home REIT (HOME) has announced the acquisition of a further twelve separate portfolios of properties located across England for a total purchase price of £64.3 million (including acquisition costs). This takes the total capital deployed by the Company since IPO to £115 million, which is just under 50 per cent. of the net IPO proceeds. […]
In QuotedData’s morning briefing 14 December 2020: Gore Street Energy Storage Fund has announced that it has raised gross proceeds of £60 million by way of an Initial Placing, Offer for Subscription and Intermediaries Offer. The fundraising was significantly oversubscribed and so a scaling back exercise has been undertaken. The net proceeds of the Issue will be […]
Aberdeen Standard Investments has put its considerable backing behind the logistics real estate sector with the acquisition of Tritax Management. The deal to buy a 60% stake in Tritax and putting it in charge of global real estate logistics, is both a clear sign of the attractiveness of the sector and is testament to the […]
In QuotedData’s morning briefing 11 December 2020 – Over its half-year period to 31 October 2020, Atlantis Japan Growth (AJG) delivered a total NAV return of 27.3%. This compares with the TOPIX total return index of 7.3%. In the results release, it is noted that “the manager believes that Japan’s economy has bottomed out and has […]
In QuotedData’s morning briefing 10 December 2020: Riverstone Energy got through its discontinuation vote – shareholders voted against the resolution by 88.8% to 11.2%. Baring Emerging EMEA Opportunities reported an NAV total return of -22.3% for the year ended 30 September 2020 compared to a return on its benchmark of -22.6%. The trust’s Turkish exposure held it […]
Aberdeen Standard Investments (ASI) is set to acquire a 60% interest in Tritax Management, the fund manager behind Tritax Big Box REIT and Tritax EuroBox. The move by ASI comes as it looks to strengthen its offering in the growing logistics real estate market. Tritax specialises in logistics and has around £5.1bn assets under management […]
LondonMetric lets Birmingham logistics warehouse – LondonMetric Property has exchanged contracts with a global retail company on a new 15 year lease at an annual rent of £1.6 million, subject to upward only inflation linked rent reviews, at its Tyseley development near Birmingham. The 120,000 sq ft last mile logistics warehouse will mark the completion of […]
Aberdeen Standard European Logistics recognised for environmental improvements – Aberdeen Standard European Logistics has been awarded four Green Stars out of a maximum of five in the recently released survey of GRESB (Global Real Estate Sustainability Benchmark). This latest scoring reflects the progress made to date with regards to environmental, social and governance (“ESG”) factors thanks to […]
In QuotedData’s morning briefing 8 December 2020 – Syncona’s Autolius reported positive results in its ALLCAR Phase 1 study, where it is using AUTO1 to treat Adult Acute Lymphoblastic Leukemia. COVID has delayed phase 2 – it says that “…enrolment projections have had to be adjusted. We now expect to enroll patients throughout 2021 with a […]
Land Securities has acquired a City of London office building for £87m, reflecting a net initial yield of 4.1%. The company has bought 55 Old Broad Street, EC2, which comprises 100,000 sq ft, from PGIM Real Estate. The 10-storey building wraps around Land Securities’ City office tower Dashwood and is located a two minute walk […]
Warehouse REIT has acquired an industrial estate in Milton Keynes for £17.5m. The company has bought the Granby Industrial Estate, which comprises 24 urban logistics and trade counter units, for a net initial yield of 5.7%. The 10-acre estate offers 147,000 sq ft of gross lettable area which is let to 16 tenants, across 19 of […]
CLS Holdings has exchanged contracts to acquire two office properties in Berlin, Germany, and Watford, United Kingdom, for a combined total of £55.9m. In Berlin, the group has bought Kaiserin-Augusta-Allee 112 & 113 for €43.5m. The asset is comprised of two adjoining building and has six storeys totalling 93,775 sq ft. It is currently 29% let following the […]
The proposed debut listing on the International Property Securities Exchange (IPSX) has been postponed. The initial public offering (IPO) of shares in the Mailbox REIT, which owns the Mailbox, a large prime office-led mixed use property in Birmingham, has been postponed due to a potential acquisition of M7 Real Estate by a global institutional commercial […]
QuotedData’s weekly news show 4 December 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Polar Capital Global Financials’ remarkable share price rise Invesco Income Growth’s planned merger Golden Prospect Precious Metals’ influx […]
On Tuesday next week we will hold the third and final day of our ESG conference and the main focus will be on governance. The importance of this area to investors cannot be understated. Just think of the damage done at BHS, Carilion, Wirecard, Patisserie Valerie, Boohoo and Volkswagen. It wasn’t just investors taking the […]
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