This sector includes mortgage companies, property management companies and REITs
Grainger, the UK private rented housing specialist, has raised £186.7m from a placing. A total of 61.2m new shares in Grainger were placed at a price of 305.0 pence per share, representing a discount of 2.31% to the closing price on 12 February 2020. Including additional debt of around £120m based on company’s LTV target range, the […]
Grainger, the UK’s largest listed provider of private rental housing, has announced it is seeking to raise around £185m from a placing. The group is placing up to 61.2m shares, which represents 9.99% of its shares, and including additional debt of around £120m based on company’s LTV target range, it will generate aggregate funding capacity […]
In QuotedData’s other news 13 February 2020 Chenavari Toro says just 3.4% of its shares in issue were tendered in it the latest offer. Holders of 10.6m shares worth €9.1m will be able to cash in their holding in full. Today, the company’s broker will try to find buyers for up to 8.3m of its treasury […]
Grit Real Estate Income Group, the pan-African property investor, has entered into an agreement to acquire a stake in a Moroccan real estate investment trust (REIT). The REIT (or Organisme de Placement Collectif Immobilier (OPCI) as it is known in Morocco) will be made up of one asset – the mixed-use property Massira Corner, located […]
In QuotedData’s other news 12 February 2020 – Witan Investment Trust has announced that it has become a signatory of the UN supported Principles for Responsible Investment (PRI). The PRI signatories are a global network of asset managers, owners and service providers working together to put responsible investment into practice and to report publicly on their progress in […]
Primary Health Properties (PHP) has announced its annual results for the year ended 31 December 2019. This is a year that its managing director, Harry Hyman, describes as “transformational”, as it saw the completion of the company’s merger with MedicX, which brought together complementary portfolios in the UK and Ireland. Harry says that this has […]
Local Shopping REIT said it will shortly announce a new investment policy with a view to growing the business after years of gradually selling off its portfolio. The company’s former investment policy was to dispose of its assets in order to repay debt and return any surplus value to shareholders. The company last year fended […]
Ediston Property Investment Company’s (EPIC) fund manager Danny O’Neill has bought £435,000 worth of shares in the company. O’Neill, who is chief executive of the company’s investment manager, purchased 500,000 shares at 87p – more than doubling his stake to 858,488 shares worth £746,884. EPIC has been trading at an average 14% discount to its […]
Embattled shopping centre owner Intu Properties has been dealt a body-blow in its efforts to raise £1bn of emergency cash, with Hong Kong’s Link REIT pulling out of discussions to participate in the fundraise. It was reported over the weekend, and confirmed by Intu yesterday, that it was nearing a deal with Link REIT to […]
Supermarket Income REIT is in discussions to acquire a minority stake in a portfolio of 26 Sainsbury’s supermarkets. The group is in talks with a large institutional investor to form a joint venture partnership to buy British Land’s 26% stake in the portfolio, which is reportedly worth around £105m. The properties, which are all let to […]
Flexible office space provider Workspace Group has poached Whitbread finance director David Benson for the role of chief financial officer. Benson will join the board of the company and become a member of the executive committee, when he joins on 1 April 2020. He is currently corporate finance director of Whitbread and previously held senior finance […]
Palace Capital has set a record office rent in York city with the completion of a pre-let agreement at its Hudson Quarter mixed-use development. The company has signed up solicitors firm Knights to the ground floor space on a 10-year lease that will rise to £25/sq ft after two year – marking a record office rent for […]
In QuotedData’s other news 4 February 2020 Gore Street Energy Storage is raising money – £1.5m has been promised by two specialist ESG funds and they are subscribing for shares at 95.5p (the last published NAV). The fund is asking other professional investors whether they want to buy shares at the same time. The money will […]
Tritax Big Box REIT said it was looking to recycle capital from the sale of specific assets in order to fund its development pipeline. In a trading update, the group said it was targeting an average yield on cost of between 6% and 8% across its developments, well above the group’s current portfolio valuation yield of 4.5%. […]
Tritax EuroBox has acquired two recently developed prime logistics properties and development land in Poland for €66.8m. The purchase of the assets, which are located in Strykow, near Lodz in Central Poland, reflects a net initial yield of 6.1%. Tritax EuroBox also has the option to buy development land adjacent to one of the buildings […]
In QuotedData’s other news 3 February 2020 BlackRock Throgmorton is asking shareholders for permission to issue more shares, having resold 5.5m of the 7m shares it was holding in Treasury. Ioannis Papalekas, the CEO of Globalworth has sold his entire stake in the company for €244.6m. he also freed up another €39m by selling the company […]
Impact Healthcare REIT, which owns a portfolio of UK healthcare real estate assets, has reported a slight increase in its net asset value (NAV) in the three month period to the end of December 2019. The group’s NAV at 31 December 2019 was £340.7m or 106.81 pence per share, compared to £303.7m or 106.00 pence per share at 30 […]
West End of London landlord Shaftesbury bucked the trend of retail negativity and reported a strong Christmas trading period. The company, which owns a 15.2-acre portfolio in the heart of the West End including Carnaby Street, said early data indicated retailers and food and beverage operators in its portfolio saw turnover and footfall growth in […]
In QuotedData’s other news 31 January 2020 Fidelity Asian Values confirms that with effect from 1 February 2020 its comparative index (performance benchmark) will be the MSCI AC Asia ex Japan Small Cap Index (net) total return (in Sterling terms) PRS REIT’s NAV has slipped a little, from 95.8p at the end of June 2019 […]
Phoenix Spree Deutschland, the UK listed investment company specialising in Berlin residential real estate, questions Berlin Senate’s competency regarding proposed rent controls in the city. The company said it had concerns over whether the Berlin Senate, which passed a draft bill for rents to be frozen for five years in November 2019 and is expected to […]
In QuotedData’s other news 30 January 2020 Duke Royalty has made a £7.7m follow-on investment in Bakhchysarai (Ireland) which is building a recruitment business in Ireland and the UK. It now has £9.4m invested in the business. Bakhchysarai is using the money to buy PE Global, a specialist recruitment agency that provides staffing and recruitment services primarily […]
Regional REIT beat its benchmark index in 2019 and increased property portfolio value by 9.7%. In a market update, the group said total shareholder return (with dividends reinvested) during the year was 32.5%, ahead of the FTSE EPRA NAREIT UK Index that was at 30.6%. The group paid dividends of 8.20p in the year, a […]
In QuotedData’s other news 29 January 2020 SQN Asset Finance Income’s board set a deadline of Friday 31st January for proposals for the future of the fund The share prices of Asian and Chinese funds appear to have stabilised this morning after sharp falls on worries about the coronavirus. JPMorgan Chinese is trading at 340p, down […]
Civitas NAV edges up despite inflation fall – Civitas Social Housing has announced its NAV at the end of December 2019 and it has edged up from 107.23p at the end of September to 107.55p at 31 December. This is despite an increase in the net initial yield used to value the portfolio from 5.28% […]
SEGRO’s chief investment officer has stepped down from the board and will leave the business in April 2020. Phil Redding, who has been at the group for 24 years and on the board since 2013, had been an instrumental part in SEGRO’s portfolio re-positioning exercise which saw the group sell, acquire or develop more than £8bn […]
GRIT Real Estate completes on Senegal hotel Club Med Cap Skirring Hotel GRIT will end up paying €16.2m for the Club Med Cap Skirring hotel in Senegal. A completion agreement was signed on 27 January 2020 with Club Med SAS and the fund took transfer of the shares in the controlling company and effective ownership […]
In QuotedData’s other news 27 January 2020, it is a quiet day UIL Limited is selling its investment in Optal Limited, its fourth largest holding (7.3% of the portfolio) and largest unlisted investment. Optal is a digital payment solutions company offering virtual account numbers, and credit and debit solutions for large scale payments in the travel, […]
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 […]
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 […]
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 […]
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