- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed -
The Company has provided an update to the recapitalisation program, with confirmation the Lloyds Bank have agreed a new
The recapitalisation of INTU SGS is due to be completed in the next 4-6 weeks, following a Scheme of Arrangement Sanction hearing on the
The refinancing and debt reduction plans continue for INTU SGS with the Practice Statement Letter circulated on Friday. The proposed Scheme of Arrangement court hearing is
Please find our updated model on INTU SGS here.
Alix Partners, in conjunction with Global Mutual, presented an upwardly revised business plan in October 2023. This was used as the basis for
Today’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and
SGS have updated their March 2023 Business Plan which shows an increase in Static NRI (Net Rental Income) of £27m to £94m in FY27 (March 2027). This is primarily driven by
As part of the monthly reports from INTU SGS, they report footfall and more importantly tenant sales, which show July sales 1% higher than
London Metric, a UK listed REIT, has announced the sale of some assets over the last couple of days. These transactions are small in size but highlights that the
Rent collections and Occupancy continue to improve across the portfolio with no signs that the recent macroeconomic uncertainty and the recent collapse of some high-profile retailers impacting. In fact, occupancy is now at the same level as
UK property is not yet dead. Volumes in the UK property space have significantly reduced as interest rate rises impact investor confidence. However,
Footfall is steadily returning to pre-covid levels, with monthly footfall in April at c.98% of April 2019 with YTD at 92%. Note the Company is now only
Bluewater shopping centre, owned by a consortium including LandSec, M&G Real Estate, Royal London and Aberdeen Standard Investments have applied to the
INTU Debentures, under their new Asset Manager, Pradera Lateral, presented their 3yr Business Plan. As a reminder, INTU Debentures Occupancy rates
The UK REIT, Supermarket Income REIT, has just purchased a Tesco store comprising of a supermarket, forecourt and online hub for Tesco which
Blackstone has agreed to a cash offer for Industrial REIT Limited for c.£500m, which although a premium of c.40% to current trading levels, is a