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Up on such a day as today bodes well for the future of us happy shoppers. gla @ The Shop
A safe place for some good long term planners . gla The Shop
Meanwhile, nine leases were renewed at a combined rent of £94,190, representing an average uplift of 3% and 1.6% above market rent. Nick Gregory, London Shopping REIT's Joint Chief Executive Officer, said: "The portfolio continues to perform well and we have leveraged the expertise of our specialist management skills in order to bring down the void rate to its lowest level over the last four years. "We have also continued to make good progress in growing rents through rent reviews and lease renewals, achieving these at significant premiums to Market Rent."
UK real estate investment trust, Local Shopping REIT, has reported a 9.0 per cent average uplift on rent reviews in the four months to January 31st, an interim management statement has disclosed. The group reported an annualised rent roll from the core portfolio maintained at £16m. It stated that 38 units had been let since September 30th at a total rent of £342,386 per annum. Rent reviews were completed on 69 units, increasing rental income by £88,421 per annum, representing an average uplift of 9.0% and a 9.5% premium-to-Market rent.
This is a sector geting more difficult . More casualties void rates etc very high loan to value ratio The board are looking at current options substantial discount from current valuation to take this portfolio out any investor would wish to see a minimum of 10% I think even the board are bored with it .Cant see this holding the interest of deal junkie Grahame Whateley too sedentary. Any management seems to be farting around with upper parts and trying to unlock some residential value which might marginally increase income but thats about it I can seetvhis Bismarking below 20p
looking good after a long wait.. bring it on n lets have some more. GL
Is this rise on account of the rerating by Evolution ? any comments ?
Sold today after holding for 4 months. Exited with a 15% profit but no doubt they'll rise now I'm out! Invested the proceeds in IRV so it will be interesting to compare the SPs in 3 months time.
Anyone care to offer a reason for the unusually heavy trading today - most of it being automatic trades.
Which induced 60000 buys. Yawn...
...about local shops doing well in the current climate. So I'm mystified as to why LSR isn't doing better. Although tipped by several pundits over the past few months it just hasn't taken off. Anyone know why?