The Company has provided an update to the recapitalisation program, with confirmation the Lloyds Bank have agreed a new
Read MoreThe recapitalisation of INTU SGS is due to be completed in the next 4-6 weeks, following a Scheme of Arrangement Sanction hearing on the
Read MoreThe 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
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Today’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and
Read MoreSGS 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
Read MoreAs part of the monthly reports from INTU SGS, they report footfall and more importantly tenant sales, which show July sales 1% higher than
Read MoreLondon 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
Read MoreRent 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
Read MoreUK property is not yet dead. Volumes in the UK property space have significantly reduced as interest rate rises impact investor confidence. However,
Read MoreFootfall 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
Read MoreThe UK REIT, Supermarket Income REIT, has just purchased a Tesco store comprising of a supermarket, forecourt and online hub for Tesco which
Read MoreWe are seeing our INTU position quoted lower today on the back of news that PWC’s role is being questioned in their audits of
Read MoreSome slightly worrying stats appearing in the recent monthly report from INTU SGS, which shows Q4 rent collection (82%) showing a deterioration versus Q3 rent collection (86%) at a
Read MoreHammerson, the listed shopping centre owner, has released an operational and rent collection update for Q3. The quick takeaways are improved rent collection with FY22 adjusted earnings ahead
Read MoreSGS (Formerly INTU SGS) provided their monthly commentary for the month of July, highlighting footfall across their estate was only 7% lower than pre-covid 2019 levels. However, on specific shopping centres levels, the differential is greater with the stronger bigger
Read MoreSlowly but surely, the level of transactions in the shopping centre space is starting to return. Various press reports outline potential asset sales at
Read MoreINTUS SGS reported its monthly figures for April, which continue to show improving footfall at the centres, with 87% on average across all four centres compared with 2019. More importantly, tenant sales were 89% of April 2019 levels, up from 84% recorded in March. Obviously, inflation is
Read MoreFootfall on the UK high street has reached its highest level since pre-Covid, down only 10% in early May versus comparable week in 2019. The good weather and weak comparison has helped reduce the differential, with high street and shopping centres all-seeing
Read MoreSGS continue to report strong monthly numbers from higher occupancy rates and higher collections. SGS management is making
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