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 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 MoreUK property is not yet dead. Volumes in the UK property space have significantly reduced as interest rate rises impact investor confidence. However,
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 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 MoreHammerson, the listed shopping centre owner, has released an operational and rent collection update for Q3. The quick takeaways are improved rent collection with FY22 adjusted earnings ahead
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 MoreSlowly but surely, the level of transactions in the shopping centre space is starting to return. Various press reports outline potential asset sales at
Read MoreFootfall on the UK high street has reached its highest level since pre-Covid, down only 10% in early May versus comparable week in 2019. The good weather and weak comparison has helped reduce the differential, with high street and shopping centres all-seeing
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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