Regional REIT buys Norfolk House, Birmingham central office for £20m
Regional REIT Limited has acquired the Norfolk House, Smallbrook Queensway, Birmingham, for a consideration of £20m with a current net initial yield of 7.92%, in an off...
Royal London targets UK care infrastructure with £1bn Healthcare REIT
Royal London Asset Management Property has launched a £1 billion Healthcare Real Estate Investment Trust (REIT) as it looks to scale investment in the...
Workspace hires Leo Shapland as head of portfolio management
Workspace Group has appinted Leo Shapland as its new Head of Portfolio Management and member of the Executive Committee, effective from 21st March 2022.
Shapland joins...
British Land, AustralianSuper form JV for Canada Water development
British Land has sold 50% of its share in the Canada Water masterplan to Australia’s pension fund AustralianSuper for £290 million.
Following completion of the...
Montgomery Street Partners launches $1bn REIT to invest in ground leases
Commercial real estate investment firm Montgomery Street Partners (MSP) announced that it has formed a new venture with a U.S.-based Fortune 500 global insurance...
Realty Income to acquire retail properties for $1.25bn
Realty Income Corporation has signed a definitive agreement to acquire 454 single-tenant retail properties from CIM Real Estate Finance Trust, Inc. (“CMFT”), a publicly...
Equity Commonwealth to buy Monmouth Real Estate for $3.4bn
Equity Commonwealth, a Chicago based, internally managed and self-advised real estate investment trust (REIT), and Monmouth Real Estate Investment Corporation (Monmouth) have entered into...
Workspace CEO Graham Clemett to retire this year
Workspace Group PLC has announced that Graham Clemett, Chief Executive Officer (CEO), will retire in 2024, following the appointment of his successor and the...
UKCM fully lets new 107,000 sq ft industrial development in West Sussex
UK Commercial Property REIT has fully let Sussex Junction, its brand new 107,000 sq ft industrial development in Bolney, West Sussex.
Birch Sussex Ltd., an...
Alternative Income sees greater value in potential AEW UK REIT proposal
Alternative Income REIT plc (AIRE) has welcomed a possible all-share offer from AEW UK REIT plc (AEWU), saying the proposal has the potential to...
LondonMetric sells five distribution warehouses for £35m
LondonMetric Property has agreed to sell five distribution warehouses in two transactions for £34.8 million, reflecting a NIY of 5%.
Four of the assets have...
Postal Realty Trust completes acquisition of 113-property USPS portfolio
Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service...
