EDITOR’S COMMENT About seven months ago, as the board at Balanced Commercial Property Trust told shareholders they should vote for a £673m take-private deal at the hands of Starwood Capital…
REIT picks up assets in Wolverhampton, Doncaster, Peterlee and Dartford
Investor points to improved confidence over recent months
Board recommends Custodian’s proposed takeover
“Very secure debt position” sets up last-mile REIT to recycle assets
Larger grocery formats’ “best days” are behind them, says CEO Andrew Jones
The last-mile specialist bought Columbia Threadneedle’s Street portfolio and warehouse in Thatcham
The REIT’s recent spending spree has boosted income, but valuations have hit profit
Forecast comes as online retail sales are expected to increase by 48% over the next five years
The improvement included a £153m gain in the value of its existing properties
Last-mile investor sees “opportunities in the market which were not there a year ago”
The FTSE 250 REIT said it made total property returns of 28%