QuotedData

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).

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.

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...

2 weeks ago | quoteddata.com | Cherry Reynard

In spite of the ‘drill baby drill’ ambitions of the new US administration, the rapid adoption of renewable energy sources continues. More than 40% of the world’s electricity was generated without burning fossil fuels in 2024, according to think tank Ember. Solar powered electricity has doubled in three years, with India and China setting the pace[1]. Investors get a very different picture if they look at the performance of the renewable energy infrastructure sector.

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).