Richard Williams

London

Property Analyst at QuotedData

Property analyst for Marten & Co/QuotedData. Previously news editor at Property Week magazine.

Articles

Unite sells student accommodation portfolio for £212m

3 days ago | quoteddata.com | Richard Williams

Unite Students has sold a portfolio of nine student accommodation properties, comprising 3,656 beds, for £212m (Unite share: £140m) to an affiliate of Lone Star Funds. The disposal is part of the group’s strategy to increase alignment to high and mid-ranked universities and properties with the strongest prospects for sustainable long-term rental growth. The disposal will see the group fully exit the Aberdeen market, with other assets in Leicester, Leeds, Nottingham and Sheffield.
Workspace outlines growth plans following disappointing year

3 days ago | quoteddata.com | Richard Williams

Workspace has outlined plans to boost demand for its flexible offices after reporting a decline in valuations across its portfolio in annual results to 31 March 2025. A disappointing year for the company saw the value of its portfolio fall 2.4% to £2,368m (-1.6% on a like-for-like basis). ERV was up just 1.0%, not enough to offset the impact of a 10 basis point outward investment yield move to 6.8%. This contributed to a 3.3% reduction in EPRA net tangible assets (NTA) to £7.74 (2024: £8.00).
Blackstone firms up £470m Warehouse REIT offer

4 days ago | quoteddata.com | Richard Williams

Warehouse REIT and Blackstone have agreed the terms of a recommended cash acquisition of Warehouse by the US private equity giant. Under the deal, shareholders would get 110.6p per share, including the 1.6p dividend paid in April. Blackstone had previously submitted a cash proposal of 115p per share in March, but following due diligence raised concerns over asset valuations – specifically regarding Warehouse REIT’s development at Radway Green.
NewRiver REIT posts 25% bump in income following M&A

5 days ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home NewRiver REIT posts 25% bump in income following M&A 03 June 2025 UK Real Estate NewRiver REIT : NRR Richard Williams NewRiver REIT has reported a 25% bump in income in annual results following the acquisition of Capital & Regional’s portfolio. The retail landlord said underlying funds from operations (UFFO) were £30.5m (8.1p per share) compared to £24.4m in 2024. The acquisition of Capital & Regional in December 2024 (for £151m) saw UFFO in...
Picton delivers income and valuation growth

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home Picton delivers income and valuation growth 22 May 2025 QuotedData UK Real Estate Picton Property : PCTN Richard Williams Picton Property delivered strong income and valuation growth in annual results, with NAV up 4.2% to 100p per share and EPRA earnings up 5% to 4.2p. The company’s portfolio increased in value by 3.8% on a like-for-like basis to £723m, while contracted rent was up 3.0% over the year to 31 March 2025. Income growth gave the...
Developments to drive income growth at British Land

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home Developments to drive income growth at British Land 22 May 2025 QuotedData UK Real Estate British Land : BLND Richard Williams British Land expects its development pipeline to be the catalyst for growth over the next few years as a pinch in real estate supply takes effect. In annual results released today, the company said its central London office campus portfolio, which includes Broadgate in the City, was at an inflection point with...
Hammerson ups Brent Cross stake with £186m deal

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home Hammerson ups Brent Cross stake with £186m deal 21 May 2025 Richard Williams Hammerson has increased its ownership of north London shopping centre Brent Cross, with a £186m acquisition of abrdn UK Shopping Centre Trust (SCUT) stake. It has bought 95% of the units in SCUT, which holds the 59% of Brent Cross not already held by Hammerson, at a 16% discount to book value as at 31 December 2024 and a net initial yield of 8.6%. Combined with...
Prime London offices over the worst of it

2 weeks ago | quoteddata.com | Richard Williams

Two London offices developers announced annual results today that reflect a changing in fortunes for the much-maligned sector. Great Portland Estates (GPE) posted a 3.6% uplift in the value of its portfolio to £2.9bn, with the offices portion up 4.3%. This contributed to a 4.4% increase in EPRA net tangible assets (NTA) to 494p over the 12 months to 31 March 2025.
M&A activity turbocharges LondonMetric

2 weeks ago | quoteddata.com | Richard Williams

Merger and acquisition (M&A) activity has boosted rents, earnings and dividend growth at LondonMetric, as it delivers an impressive set of annual results. Net rental income increased 123% to £390.6m in the 12 months to 31 March 2025, with EPRA earnings up 120% to £268.0m (up 20.7% on a per share basis to 13.1p), following the integration of the portfolios of LXi REIT and CT Property Trust which were acquired during the period.
PHP tables £1.68bn offer for Assura

3 weeks ago | quoteddata.com | Richard Williams

Primary Health Properties (PHP) has made a counter bid for Assura that values the company at £1.68bn. The shares and cash offer would see Assura shareholders receive 0.3769 new PHP shares and 12.5 pence in cash. This includes the already paid quarterly dividend of 0.84p (paid on 9 April 2025) and the quarterly dividend of 0.84p expected to be paid on 9 July 2025.