This sector includes mortgage companies, property management companies and REITs
Residential Secure Income partners with Morgan Sindall – Residential Secure Income’s manager has entered into a new Housing Investment Partnership (HIP) agreement with Morgan Sindall Investments Limited. The agreement aims to increase the supply of shared ownership homes, enabling more first time buyers in the UK to establish themselves on the housing ladder. The agreement creates […]
AEW UK Long Lease REIT buys Bristol care home – AEW UK Long Lease REIT has bought a long let care home in Nailsea, Bristol for £6.65m reflecting a net initial yield of 5.8%, funded through the company’s debt facility. The asset comprises a 62-room, purpose built care home located in an affluent suburb approx. 8 […]
QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]
Summit Germany considers spinning out German real estate – Summit Germany has announced that it is considering a private placement and listing of shares in Summit Luxco S.à r.l. (“Luxco”) on the regulated market of the Frankfurt Stock Exchange (Prime Standard) in 2019, subject to market conditions. Luxco currently is a wholly-owned subsidiary of Summit and […]
Stenprop sells Euston House – Stenprop has reached agreement to sell of its London office building known as Euston House. The deal is being structured as a sale of all the shares of a special purpose vehicle owned by Stenprop to Erel 4 S.a.r.l. The deal values the property at £95m (£14.5m more than book value) […]
Thalassa makes possible offer for Local Shopping REIT – Thalassa says that it did not support Local Shopping REIT’s member’s voluntary liquidation in December 2018 for reasons that Thalassa has set out in previous announcements, most recently on 10 December 2018. On that date, Alliance News reported that “Thalassa said it was not meaningfully consulted by […]
Safestore new stores power earnings uplift – Safestore reports that, for the year ended 31 October 2018, its EPRA NAV rose from 329p to 402p, an increase of 22%. EPRA earnings per share were up 15.5% to 26.8p on the back of a 10.8% rise in revenue. This in turn was the result of higher occupancy […]
LondonMetric Property sells three warehouses – LondonMetric Property has announced the disposal of three distribution warehouses for £24.3m (sold to a range of buyers), reflecting a blended net initial yield of 5.4%. The sale price achieved was 4% above book value. Two of the properties are located in Wakefield and the third is a regional distribution […]
PRS REIT buys nine more sites – The PRS REIT has signed contracts over nine additional sites. One site is a newly-completed development of homes that has been acquired from Sigma PRS Management Limited, the investment adviser, and seven are development sites, with construction already underway at some sites. The remaining site has been bought under […]
Hansteen sells portfolio to Stenprop – Stenprop has acquired a portfolio of multi-let industrial properties from Hansteen for £72.2m (including acquisition costs of £4.3m). The portfolio is made up of 22 separate properties across the UK with a gross lettable area of approximately 1.16 million square feet (107,749 sq m) and a diversified base of approximately […]
UK Commercial Property buys warehouse portfolio – UK Commercial Property REIT has bought a portfolio of five distribution warehouses in locations across the Midlands from Clipstone Logistics REIT for a headline price of GBP85.4million, reflecting a headline net initial yield of 5.5%. The acquisition has been funded from existing cash resources. The portfolio totals 909,030 sq […]
Tritax funds new Durham logistics facility – Tritax Big Box REIT has completed contracts for the forward funded development of a new logistics fulfilment centre at Integra 61, near Durham, pre-let to a “financially robust world leading retailer” [Amazon?]. The price represents a maximum commitment of GBP147.3 million, reflecting a net initial yield of 5.25% (net […]
AS Euro Logistics celebrates full investment with fee cut – With the exchange of contracts on the assets in Zeewolde and Waddinxveen in the Netherlands, Aberdeen Standard European Logistics Income has committed the whole of the funds it raised in December 2017. The most recent addition to the portfolio (a warehouse in Meung-Sur-Loire in France) […]
Local Shopping REIT says liquidation blocked – The Local Shopping REIT has announced that the special resolution to, amongst other things, wind-up the company voluntarily, proposed at the general meeting held yesterday attracted the support of 61.87% of the votes cast. However, the resolution did not achieve a majority of 75% of the votes cast required […]
AXA Property Trust (APT) has announced that it has received a “Member’s Requisition of an Extraordinary General Meeting” or, in other words, a request for an EGM. APT says that requires that a general meeting of the Company be convened, at the earliest opportunity, for the purpose of considering and voting on the following resolution: […]
Triple Point Social Housing REIT has announced that it has completed the acquisition of 24 supported housing properties, comprising 143 units in total, for an aggregate commitment of £24.15m (excluding costs). The properties are located in the North East (20 units), the East Midlands (62 units), the West Midlands (8 units), the South East (9 […]
MedicX Fund (MXF) has announced its final results for the year ended 30 September 2018. The company describes it as, “Another year of strong performance, reflecting progress and achieving notable milestones”. Financial highlights The announcement highlights the following from the financial results: 11.4% increase in EPRA earnings per Ordinary Share, from 3.5p per share to […]
The Local Shopping REIT has announced its final results for the year ended 30 September 2018. During the year, the Company made a loss of £7.15m (2017 loss £0.86 million) on an IFRS basis but made significant progress with its property disposal programme. As at 30 September 2018, the company’s portfolio was valued at £22.3 […]
Standard Life Investments Property Income Trust (SLIPIT) has announced that it has completed the letting of its largest vacancy, a logistics unit Swadlingcote, Derbyshire. The trust has also announced the sale of a unit at Broadway Business Park in Oldham and a letting at Monck Street in London. The Swandlingcote logistics unit The 141,000 square […]
Land Securities has announced that it has purchased a 1.6 acre site in Lavington Street, SE1 for £87.1m. The purchase, from a private company, increases Land Securities presence in Southwark. Colette O’Shea, Managing Director of Land Securities London Portfolio, said: “This acquisition gives us great potential in a submarket in which we have deep experience. […]
Civitas issues update on Westmoreland – Following the publication of the recent investment adviser’s update commentary on 30 November 2018 (which we referred to in our article), Civitas Social Housing is now providing shareholders with a further update with respect to Westmoreland. Update on Westmoreland As at today’s date, 5 December 2018, Westmoreland represents 22.6% of […]
Tritax Big Box issues £400m loan notes – Tritax Big Box REIT has signed an agreement with a number of new institutional investors for a private placement of £400 million new senior unsecured loan notes. The loan notes comprise two tranches with a weighted average coupon of the fixed rate notes equating to 2.91 per cent. […]
Highcroft sells Southampton warehouse – Highcroft Investments has announced the sale of its long leasehold interest in a property on the Nursling Industrial Estate, Southampton. The property comprises a warehouse unit of 25,300 sq ft, on a 1.45 acre site. It is occupied by Metabo (UK) Ltd on a lease expiring in September 2020 producing an […]
Westmoreland rated V3G3 but Triple Point says impact minimal – Triple Point Social Housing REIT has made an announcement following the Regulatory Judgement published today by the Regulator of Social Housing in relation to Westmoreland Supported Housing Association. Westmoreland, a registered provider focused on the supported housing sector, has 1,379 social housing units under management and […]
Schroder European Real Estate (SERE) has announced its final results for the year ended 30 September 2018. SERE’s Chairman, Sir Julian Berney Bt., has described it as “another strong year that has seen SEREIT delivering growth in both net asset value and income”. He says that this was chiefly underpinned by the profitable disposal of […]
Impact Healthcare will have no further fundraising in 2018- Impact Healthcare REIT (IHR) will not have any further fundraising in 2018 after they have decided that they no longer wish to acquire a portfolio of UK care homes consisting (announced of 24 October 2018) of 2,500 beds. The company has not announced why they no […]
PRS REIT has acquired development site – PRS REIT (PRSR) has announced today that they have purchased four new development sites. Two of the sites will be acquired immediately and, for the other two, PRS has entered into a forward funding arrangement. The four acquisitions combined represent a total of 464 new family rental homes […]
Possible takeover of Intu is withdrawn- Intu Properties (INTU) has announced that the consortium of Peel Group, the Olayan Group and Brookfield Property Group have decided that given the current macroeconomic conditions and the potential near term volatility across markets the offer has been withdrawn. Intu’s shares have dropped by 40% over the course of […]
Shaftesbury resilient to Brexit slowdown – Shaftesbury PLC owns a 15-acre portfolio in the heart of London’s West End. It says “The West End’s global appeal and resilient, broad-based economy provide considerable insulation from headwinds affecting the national economy and consumer confidence“. For the year ended 30 September 2018, it reports: EPRA NAV of GBP9.91 (2017: […]
Phoenix Spree Deutschland agrees lower management fees – Phoenix Spree Deutschland Limited has entered into a new property advisory and investor relations agreement with PMM Residential Limited. The new agreement replaces the existing property advisory agreement. It will reduce future management fees and result in significant cost savings: Based on the EPRA NAV as at 30 June […]
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
