The refinancing and debt reduction plans continue for INTU SGS with the Practice Statement Letter circulated on Friday. The proposed Scheme of Arrangement court hearing is
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Today’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and
Read MoreSGS have updated their March 2023 Business Plan which shows an increase in Static NRI (Net Rental Income) of £27m to £94m in FY27 (March 2027). This is primarily driven by
Read MoreAs part of the monthly reports from INTU SGS, they report footfall and more importantly tenant sales, which show July sales 1% higher than
Read MoreLondon Metric, a UK listed REIT, has announced the sale of some assets over the last couple of days. These transactions are small in size but highlights that the
Read MoreRent collections and Occupancy continue to improve across the portfolio with no signs that the recent macroeconomic uncertainty and the recent collapse of some high-profile retailers impacting. In fact, occupancy is now at the same level as
Read MoreUK property is not yet dead. Volumes in the UK property space have significantly reduced as interest rate rises impact investor confidence. However,
Read MoreFootfall is steadily returning to pre-covid levels, with monthly footfall in April at c.98% of April 2019 with YTD at 92%. Note the Company is now only
Read MoreBluewater shopping centre, owned by a consortium including LandSec, M&G Real Estate, Royal London and Aberdeen Standard Investments have applied to the
Read MoreINTU Debentures, under their new Asset Manager, Pradera Lateral, presented their 3yr Business Plan. As a reminder, INTU Debentures Occupancy rates
Read MoreThe UK REIT, Supermarket Income REIT, has just purchased a Tesco store comprising of a supermarket, forecourt and online hub for Tesco which
Read MoreBlackstone has agreed to a cash offer for Industrial REIT Limited for c.£500m, which although a premium of c.40% to current trading levels, is a
Read MoreWe sound very much like a broken record when it comes to reporting INTU Debentures and INTU SGS numbers. There are no revised third-party valuations yet, but underlying the valuations is higher rent collection c.98% versus
Read MoreWe are seeing our INTU position quoted lower today on the back of news that PWC’s role is being questioned in their audits of
Read MoreThe issue with quarterly reports is they tend to be backwards-looking and Debentures is no different. All metrics have continued to improve; Occupancy rates,
Read MoreSGS continue to report strong monthly numbers from higher occupancy rates and higher collections. SGS management is making
Read MoreHammerson reported its FY21 numbers this morning, and their report highlights the continued improvement of occupancy rates and rent collections in the UK market. This continues the
Read MoreAhead of their conference call next Wednesday (9th March), SGS released both a quarterly and updated business plan to lenders. We will write a fuller update later, but in summary, SGS has seen
Read MoreHammerson, the UK listed property Company, has confirmed they are in talks with the Swiss entity, Redical Holdings AG, to sell its Victoria Gate and Victoria Quarter shopping centres for
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