Alert Data News | Business | Companies | UK | Land and property investment trusts

Land Securities Plc

Fri, 11 May 2012 08:59:15 +0100

50m acquisition - Real estate investment trust acquires leisure centre
London based Land Securities, the largest real estate investment trust in the UK, has agreed to acquire The Cornerhouse, a big leisure complex in Nottingham, from BP Pension Fund for 50m. The purpose built leisure scheme covers 225,000 square feet and includes a 14 screen cinema, shopping facilities, 11 restaurants, two bars, a nightclub and a casino. Richard Akers is Executive Director of Land Securities.

Land Securities Group Plc

Tue, 08 May 2012 08:00:06 +0100

The Cornerhouse Acquired - Company Growth - 50m Deal
Land Securities have acquired The Cornerhouse, Nottingham from BP Pension Fund in an off-market transaction for 50m. The property was acquired at a net initial yield of 6.6% after expiry of a rent free period. Richard Akers is Executive Director

Segro Plc

Thu, 03 May 2012 08:28:50 +0100

Ongoing asset disposal programme - restructuring portfolio
Segro is continuing with its asset disposal programme with £172m of non-core assets sold in 2012. However it has experienced a 9.6% increase in vacancy rate in the quarter to March 2012, compared with 9.1% in the previous quarter, partly due to acquisitions and disposals.

Segro Plc

Wed, 25 Apr 2012 08:10:38 +0100

Hampshire business park sold for 90m
IQ Farnborough, based in Hampshire, has been sold by owner Sergo for 90.1m. The business park has been sold in two parts. The existing buildings and a total of 18 acres of development land has been sold to a joint venture between funds advised by Harbert Management Corporation and XLB Property as asset manager for 79.9m. An additional 11 acres of development land has been sold to two future owner-occupiers for 10.4m. Phil Redding is Segros Chief Financial Officer.

CLS Holdings Plc

Wed, 28 Mar 2012 10:07:35 +0100

Profit down at property investment company - Portfolio worth £0.9bn
London based property investment company CLS Holdings has recorded an after-tax profit of £38.8m for the year to the end of December 2011, down from 60.1m in 2010. The company has a property portfolio of £0.9bn. Sten Morstedt is Executive Chairman of CLS Holdings Plc.

Ashtead Group PLC

Fri, 09 Mar 2012 09:10:06 +0000

21% revenue growth - Q3 profits increase to £21m - positive outlook
Plant hire group Ashtead achieved record 2011/12 third quarter pre-tax profit of £21m, compared with a £2m loss for the third quarter of 2010/11. Revenue for the quarter ended 31 January 2012 increased 21% to £271.3m. Ashtead expects full year profit to be significantly ahead of its previous expectations and remains committed to a strategy of strong organic growth.

Terrace Hill Group Plc

Wed, 07 Mar 2012 13:00:02 +0000

Directors of company reappointed at AGM
The Terrace Hill Group Plc, the UK property development and investment group, has reappointed WP Wyatt and JM Austen as Directors of the company following the Annual General Meeting held in March 2012.

Land Securities Plc

Tue, 06 Mar 2012 01:57:38 +0000

New contract secured - Hotel in London
Land Securities has leased a new hotel at its West12 shopping centre in Shepherd's Bush, London, to Ibis, and will refurbish the retail facade.

Segro Plc

Fri, 03 Feb 2012 08:00:03 +0000

Business acquisition - Logistics asset company
Segro and Moorfield Real Estate Fund II joint venture UK Logistics (Jersey) Limited Partnership has completed its acquisition of the UK Logistics Fund from Hermes Real Estate Investment Management Limited, Legal & General and LaSalle Investment Management. Justin Read is Segro Finance Director.

Land Securities Group Plc

Fri, 27 Jan 2012 08:00:04 +0000

Francis Salway stepping down as CEO - Successor appointed - Turnover £701.9m
Land Securities have announced that Francis Salway has decided to stand down at the end of the financial year on 31 March 2012 from the position of Chief Executive and leave the business. He will be succeeded by Robert Noel, currently Managing Director, London Portfolio. Alison Carnwath is Chairman.