June 25, 2024


Living – be prepared

Warehouse REIT considers fundraising to fund acquisition pipeline | Online

1 min read

The group, which focuses on ‘last mile’ warehouse property, has stated it is in advanced talks, or has discovered, financial investment prospects with a goal financial investment yield in excessive of six%.

Of these property about £72m are in unique or ultimate negotiations, with a further more £280m in specific negotiations.

The group extra that “with constrained capital methods out there to comprehensive acquisitions” it is contemplating an fairness fundraising to safe the property.

The enterprise also updated traders this early morning, boasting a a solid effectiveness for the duration of the time period from one October to the finish of January.

For the duration of the time period it finished 28 new lettings and 28 lease renewals throughout 209,000 sq ft of room, which have been achieved at five.five% ahead of September rental benefit and building £1.2m of once-a-year contracted rent.

For the duration of the time period, the company also amplified full occupancy throughout the portfolio to ninety two.seven% from 91.five% at the finish of September.

The enterprise extra its dividend goal for the 12 months to the finish of March has been amplified to 6p a share from 6p a share.

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