Blackstone embarks on mega-merge of two warehouse landlords Investing Blackstone took over St Mowden and Industrials REIT in 2021 and 2023 respectively, delisting them from the London Stock Exchange.
Home REIT offloads 80 properties in latest scramble to clear debt SALE Home REIT, the beleaguered homeless accommodation fund, has sold a further 80 properties in the latest scramble to cut its debt. In a series of updates to the London market this morning, the scandal stricken property investor said that it offloaded the homes which represented 3.6 per cent of the company’s portfolio for over £16m. [...]
Home REIT to publish long-delayed accounts despite struggling to access houses reit Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced today.
Home REIT starts suing its own tenants as shareholders and regulators circle May 7, 2024 The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.
Londonmetric swoops on smaller rival in £200m takeover May 24, 2023 Shares in listed property vehicle CT Property Trust have rocketed today after the firm announced it had struck a £200m deal to sell itself to bigger rival Londonmetric.
Next REIT to go? Balanced Commercial Property joins long list mulling sale April 15, 2024 In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.
Custodian Property on brink of £237m merger with Abrdn Property January 19, 2024 Custodian Property Income REIT (CREI) is on the verge of a £237m merger with Abrdn Property Income Trust (API), creating a new trust holding £1bn in property. Both groups have recommended an all-share merger, combining their 200 different property assets together, but will still need to be voted on by shareholders. The CREI board and [...]
Troubles for Custodian as bidding war over Abrdn property trust escalates February 22, 2024 Custodian's attempt to buy the Abrdn Property Income Trust have been further impeded after two asset managers dropped support for the deal.
Home REIT: Fennah heads for the exit with trail of destruction in her wake January 19, 2024 Home REIT chair Lynne Fennah announced yesterday she's finally heading for the exit - Charlie Conchie looks at why shareholders are saying it's about time.
Blackstone close to £700m deal for commercial landlord Industrials REIT April 3, 2023 US private equity giant Blackstone is close to a £700m take-private deal with London-listed landlord Industrials REIT as it ramps up its bargain-hunt on UK property firms.