The disposal is consistent with SREIT's strategy to sell lower yielding assets and to realise gains from asset management.
Since 31 December 2018, SREIT has completed or unconditionally exchanged contracts to sell five assets (including the Booker unit) for GBP 68.9m, which reflect an average net initial yield of 3.1%.
Singapore: The nine Singapore-listed retail-sector real estate investment trusts (retail SREITs) are likely to remain resilient in 2016, despite the difficult macroeconomic environment, Fitch Ratings says in a new report.
Retail sales in Hong Kong - where the retail SREITs earned 23% of their 2015 revenue - are under the most pressure from slowing economic activity.
Following the disposal of the subject property and the Wickes retail warehouse in Basingstoke announced on 7 March 2019, and based on the independent portfolio valuation as at 31 December 2018, SREIT's consolidated net loan to value will fall from 27% to 21%.
The additional cash, reduced loan to value and undrawn revolving credit facility provides SREIT with the flexibility to monitor the market and consider new investment opportunities in the future.
SREIT Rl Little Rock Propco LLC, an affiliate of Noble Investment Group of Atlanta, acquired the Residence Inn Marriott at 219 River Market Ave.
SREIT assumed a December 2014 mortgage of $14.4 million held by Wells Fargo Bank of Sioux Falls, South Dakota.
RI Little Rock Propco LLC, an affiliate of Noble Investment Group of Atlanta, bought the 107-room Residence Inn by Marriott at 219 River Market Ave.
Emotional Intelligence The Self-Report Emotional Intelligence Test (SREIT
) developed by Schutte et al.
Singapore: The six Singapore-listed office-sector real estate investment trusts' (office SREITs) earnings growth is likely to slow in 2016, Fitch Ratings says in a new report.
This is because the office SREITs' exposure is limited, with 20% of leases due for renewal in 2016, and because renewing leases were contracted about six years ago on average when rents were considerably lower.