Richard Williams

London

Property Analyst at QuotedData

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

Articles

Life Science REIT's struggles laid bare in annual results

1 week ago | quoteddata.com | Richard Williams

Life Science REIT reported a 6.9% fall in EPRA net tangible assets (NTA) in annual results for 2024, laying bare the company’s struggles that led to its board launching a strategic review and putting it up for sale. EPRA NTA at the end of 2024 was 74.4p, down from 79.9p at the end of 2023, as the group’s portfolio of office and lab space fell 4.0% over the year to £385.2m. Earnings were impacted by higher financing costs, with adjusted earnings per share of 1.7p (2023: 1.9p).
LondonMetric makes £674m proposal for Urban Logistics

1 week ago | quoteddata.com | Richard Williams

LondonMetric Property has made a proposal to acquire Urban Logistics REIT, valuing the company at £674m. The proposal, made on 13 April, consists of new shares in LondonMetric based on an adjusted EPRA net tangible assets (NTA) for adjusted EPRA NTA exchange ratio plus a fixed amount in cash. Under the terms of the proposal, shareholders in Urban Logistics would be entitled to receive 0.5612 new LondonMetric shares and 42.8p in cash.
LondonMetric makes approach for Urban Logistics

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home LondonMetric makes approach for Urban Logistics 11 April 2025 QuotedData UK Show 4 Sectors Urban Logistics REIT : SHED Richard Williams Urban Logistics REIT has announced that it has received a preliminary, indicative proposal from LondonMetric Property regarding a possible offer for the company. The board said that it was reviewing the proposal with its advisers, adding that there can be no certainty that any offer will be made nor as to...
Helical sells City office for £333m

2 weeks ago | quoteddata.com | Richard Williams

Helical has sold City of London office development 100 New Bridge Street to an unnamed S&P 500 company (thought to be investment bank State Street) for £333m. The 195,000 sq ft office will become the company’s new London headquarters, with the purchase price reflecting a 5% yield. Helical owns the site in a 50/50 joint venture with Orion Capital Managers, having sold the 50% stake last year. Helical’s share of the sale amounts to £166.5m (before deducting corporate sales costs).
LondonMetric buys M&S logistics warehouse

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home LondonMetric buys M&S logistics warehouse 10 April 2025 QuotedData UK Real Estate Richard Williams LondonMetric Property has forward-funded the acquisition of a pre-let M&S logistics warehouse in Bristol for £74.0m, reflecting a NIY of 5.65%. The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI. The highly specified warehouse is being developed by Epta...
Assura board recommends £1.6bn offer

2 weeks ago | quoteddata.com | Richard Williams

Sign up for equity research Sign Up Login News Home Assura board recommends £1.6bn offer 09 April 2025 QuotedData UK Real Estate Assura Group : AGR Primary Health Properties : PHP Richard Williams Assura has reached agreement on the terms of a recommended cash offer for the company by Kohlberg Kravis Roberts (KKR) and Stonepeak Partners. Under the terms of the acquisition, each Assura shareholder shall be entitled to receive 49.4p, comprising 48.56p in cash and a quarterly interim dividend of...
PHP makes merger offer for Assura

3 weeks ago | quoteddata.com | Richard Williams

Primary Health Properties has made an indicative cash and share proposal for Assura, based on a NAV for NAV exchange ratio. Under the terms of the combination, shareholders of Assura would receive 0.3848 new PHP shares and 9.08p in cash. PHP said it will make a mix and match facility available to Assura shareholders in order to provide flexibility by enabling them to elect to vary the proportions in which they receive new PHP shares and cash.
Urban Logistics recycles £21.1m into higher yielding assets

1 month ago | quoteddata.com | Richard Williams

Urban Logistics REIT has announced the acquisition of two logistics assets for £21.1m, as it looks to demonstrate the strengths of its strategy amid activist shareholder revolt. The assets in Liverpool and Leeds were bought at a blended net initial yield (NIY) of 7.34% and a blended reversionary yield of 7.64%. These were funded from capital it received from recent disposals (for £26.3m at a blended NIY of 4.93%) at a significant yield margin of 2.41 percentage points.
Urban Logistics and Achilles face off

1 month ago | quoteddata.com | Richard Williams

The board of Urban Logistics REIT has recommended that shareholders vote against all of the proposals made by Achilles Investment Company in its requisition request, as a war of words ensues. Achilles has requested the immediate replacement of chairman Nigel Rich and director Heather Hancock as well as the removal of the manager’s chief executive Richard Moffitt and the appointment of Robert Naylor and Sangita Shahas directors of the company.
LondonMetric to acquire Highcroft

1 month ago | quoteddata.com | Richard Williams

LondonMetric has agreed a deal to acquire TISE-listed Highcroft, a UK REIT which owns a portfolio of real estate assets weighted towards logistics (52%) and retail warehousing (27%). The recommended all-share offer will see Highcroft shareholders receive 4.65 new LondonMetric shares for each Highcroft share. On the basis of the closing price per LondonMetric share of 181.1p on 26 March 2025, the acquisition values each Highcroft Share at 842.1p or £43.8m.