New chair says company will now digest election results and Budget
REIT adds almost £600,000 to rent roll in most recent quarter
Some shareholders believe Mark Kirkland is “overboarded” due to other roles
But director warns of “macroeconomic headwinds”
Chairman points to “more positive” outlook for values
Company warns of effect of a “fragile economic backdrop” on occupational markets
The REIT has sold property in Portsmouth, fearing Nationwide could end lease
Peace has assembled a portfolio of roles since stepping down from the BPF
The £11.5m deal reflects an attractive net initial yield of 8% for the 52,000 sq ft building
A rent review in 2027 will lift the yield above 10%
Further purchases expected after Leeds and Bradford assets sold
IQ wants to replace the block with 527 student rooms