LONDON – Property group British Land (BLND.L) has agreed to acquire real estate investment trust Life Science REIT (LABS.L) in a recommended cash and share deal valuing its smaller rival at approximately £150 million, the companies announced on Wednesday. The acquisition will bolster British Land’s footprint in the high-demand “Golden Triangle” of Oxford, Cambridge, and…
LONDON: Tritax Big Box REIT plc (BBOX) announced Monday it has agreed to acquire a £1.035 billion ($1.32 billion) portfolio of logistics properties from funds advised by Blackstone Europe LLP, a move that significantly expands its holdings in the high-demand UK logistics market. The acquisition, expected to close on or around Oct. 22, 2025, will…
REIT reports higher revenue but lower funds from operations, narrows 2025 guidance Douglas Emmett Inc. (DEI.N) on Wednesday reported a net loss of $6 million for the second quarter of 2025, a shift from the $11 million net income in the same period last year. Revenues for the quarter were $252 million, an increase from…
LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
LONDON, UK: Capital & Counties Properties (Capco) and Shaftesbury PLC have reached agreement on the terms of a recommended all-share merger to form the combined group to be called Shaftesbury Capital PLC on completion, a statement noted. It is intended that the merger will be implemented by way of a scheme of arrangement of Shaftesbury,…
LONDON, UK: McKay Securities Plc has exchanged contracts to sell the freehold interest of Great Brighams Mead, a prominent office building located in Reading’s town centre, to residential property developer King’s Oak. The sale price of £19.00 million (£224 psf) reflects a premium of 21.0% to the 30 September 2021 book value. Completion of the…
LONDON, UK: Helical plc, a UK real estate investment company, announced its intention to convert to a REIT with effect from 1 April 2022. As part of this process, Helical will notify Her Majesty’s Revenue & Customs of the Company’s intention to convert into a REIT and will seek Helical shareholder approval to replace its…
LONDON, UK: Custodian REIT, the UK property investment company, announced the disposal of a property from its portfolio. The Company has sold a 5,242 sq ft vacant children’s day nursery in Basingstoke for £648k, £73k ahead of the last published valuation. The property was part of the initial portfolio acquired on the Company’s admission to…
LONDON, UK: Regional REIT Limited has exchanged contracts with ARA Dunedin for the disposal of a significant industrial property portfolio for £45 million. The completion is conditional upon the Purchaser having in place the required financing. This reflects a net initial yield of 6.75% to the Purchaser and is 7.5% above the valuation as at…
LONDON: Warehouse REIT announced the acquisition of four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, totalling 390,000 sq ft. The purchase price of £35 million reflects a net initial yield of 5.5%. Ranging from 74,000 sq ft to 163,000 sq ft, the units are occupied by three separate occupiers spanning the automotive…
SPOKANE: PotlatchDeltic Corporation announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020. “This transaction represents a significant milestone in our long-term strategy to maximize shareholder…
ATLANTA: Americold Realty Trust, the world’s largest publicly traded REIT, announced that as stated in its fourth quarter 2019 earnings call, the Company intends to invest approximately $65 million NZD in a planned expansion of its Dalgety site in Auckland, New Zealand. “We are excited to move forward on this opportunity to grow with our…