Aisi Realty Share Discussion Threads

[jonwig] 13/12/2017 07:10

Float postponed (or cancelled!):

Aviva Investors Secure Income REIT has taken the decision not to proceed with an initial public offering due to insufficient demand at the current time.

Renos Booth, Head of Real Estate Long Income, Aviva Investors, said:

"We would like to thank all the institutional investors and intermediary retail platforms who took the time to meet with management. We will give consideration to reactivating the proposed IPO at a later date."

[jonwig] 06/12/2017 18:34

Revised timetable:

Closing date 12/12, First dealings 15/12.

It seems more intermediaries joined the list at a late stage.

[jonwig] 21/11/2017 09:44

Announcement of the results of the Issue . . . . . . . . . . . . . . . . 6 December 2017

Admission and commencement of dealings on the London Stock Exchange . . . . 8.00 a.m. on 8 December 2017

[jonwig] 21/11/2017 09:44

Citywire;
Aviva targets 5% yield with £200m launch of first Reit
By Michelle McGagh 07 Nov, 2017
Aviva targets 5% yield with £200m launch of first Reit
Increasing demand from investors has seen Aviva Investors plan to float its first real estate investment trust (Reit).

The fund group is aiming to raise £200 million in the initial public offering of the Aviva Investors Secure Income Reit on the London Stock Exchange.

The Reit will hold a portfolio of long-lease property assets, typically with a minimum lease length of 10 years and a targeted weighted average length of 15 years to expiry.

It will invest in buildings across the UK that are rented to ‘investment grade’ tenants, such as well-known companies, to reduce the risk of defaults on rent payments that impact the income stream to investors.

Renos Booth, who will manage the Reit, said the fund would invest in ‘core’ property assets such as offices and industrials that were leased to ‘fit for purpose [businesses] and strong trading stores’ such as supermarkets.

It will also invest in the alternative property sector, identifying ‘university assets, hotels, and even healthcare’, said Booth.

Aviva Investors is already the UK’s largest real estate manager, with £24 billion of properties under management. It has already identified a portfolio of £85 million comprising of a hotel and GP surgery in the South East, an office in the North West and a supermarket in the South East. There is a follow-up pipeline of £400 million.

The fund will target a total return of 7% a year over the medium term, including a dividend yield of 5% a year, starting at 3% in the first year. It will aim to increase the dividend in line with inflation.

‘The product will provide a secure but growing income that will grow broadly in line with inflation and provide lower volatility,’ said Booth.

He added that the FTSE was at a record high while gilt yields were at a record low, leaving investors with nowhere to turn for income.

‘We’re offering an attractive yield supported by an alternative asset class and that yield does not come at any additional risk,’ said Booth.

‘It’s a defensive play, we’re not trying to capture double-digit growth, but offer predictable yield.’

Aviva Investors runs a similar property-focused fund called Lime Property. The £1.9 billion fund is only open to institutional investors such as pension funds.

Booth said the experiences of Lime Property, which is the ‘least volatile real estate fund in the market’, would be transferred to the Reit, although the institutional fund does not employ gearing while the Reit will.

‘It’s a different structure and ungeared but what we are looking to invest in is not dissimilar,’ he said.

The institutional fund invests in slightly longer leases, averaging 20 years, while the 10 years-plus leases being targeted by the Reit will mean the yield will be higher.

Launch of the Reit marks a return to the closed-ended trust space for Aviva, whose former Morley fund management group used to run the Morley Absolute Growth investment company.

Aviva has instead had an impact on the sector by its large-scale selling of a number of investment trust stakes acquires as part of its 2015 takeover of Friends Life.

[jonwig] 21/11/2017 09:43

. .



The Aviva Investors Secure Income REIT plc (the 'Company') is aiming to deliver secure income with the potential for capital growth through a diversified portfolio of high quality, long lease UK commercial real estate.
On a fully invested and geared basis, the Company is targeting a secure dividend yield of 5.0% p.a. by reference to the issue price, which the Company will seek to increase broadly in line with inflation, and a total return of 7.0% p.a. over the medium-term.

[marab] 10/8/2011 07:40

Has there been any facts or figures on new cash raised? I don't seem to have seen any. Kenny as you say the price could go anywhere but I think the new directors will gee things up a bit so could be interesting.

[kennyruss] 10/8/2011 06:54

All went to plan restoration today...

as for SP, anything could happen

[kennyruss] 09/8/2011 17:08

all going to plan and cosolidation has taken place in my account already

[kennyruss] 09/8/2011 16:15

they heard you:)

[p@] 09/8/2011 14:33

From RNS-

In addition, in order to allow completion of certain conditions precedent to the Proposed Investment by South East Continent Unique Real Estate ("SECURE") Management, the deadline for completion of such conditions precedent has, following agreement between the Company, the Manager and Secure Management, been further extended from 30 July 2011 to 8 a.m. 8 August 2011. The Directors are confident that the remaining outstanding conditions will be achieved shortly and that no further extensions will be required. In particular the Company's annual results for the year ended 31 December 2010 are expected to be announced on 5 August 2011 and subsequently posted to shareholders on 8 August 2011.

Getting late?

[kennyruss] 04/8/2011 07:54

again all positive, should be out of suspension in a few days...

[kennyruss] 11/7/2011 07:54

all positive:)

[marab] 11/7/2011 07:46

Brovary warehouse - new tenant lease agreement signed

Aisi Realty Public Limited ("Aisi"), a property investment company focusing on development projects and related investments in Ukraine, is pleased to announce the signing of a new, two year lease agreement with FM Logistics Dniepr, a subsidiary of French global logistics operator FM Logistics Group, for 2,704 sq.m (approximately 6% of the total lettable space) at the Company's Brovary warehouse.

Further, an existing tenant, DSV Group has increased its lease space by 1,000 sq.m (approximately 2% of the total lettable space).

The above agreements bring the total contracted space of the Brovary property to 26% occupancy. Multiple negotiations over the empty sections remain ongoing.

[marab] 07/7/2011 16:00

I always thought this had the potential to go over 10p but a 100 to 1 consolidation wasn't what I expected. The new share holder looks like they might get a bit of action going here and they must see some value or they wouldn't be putting their cash in. This could be a positive step, especially if they get some new blood on the board. Maybe there will be a push to sell a couple of the other sites.

[kennyruss] 07/7/2011 10:10

to be honest, only reqad it once more since - certainly not going out of business... lets see what happens once all i's dotted e.t.c

[p@] 07/7/2011 08:34

Ken-Drawn any further conclusions from last RNS?

[envirovision] 04/7/2011 13:38

So the nav is currently around 10p per share right ?

[marab] 04/7/2011 13:32

Our new investor

[marab] 04/7/2011 10:40

And the new investor could have the right to a majority of directors on the board, but I have no clue as to whether that is a good thing or a bad thing. Bit of homework needed.

[p@] 04/7/2011 08:31

Ken-the easy bits as I understand it are :

1)shares -for every 100 shares you will only now have 1 share.

2)The AIM quote will be restored.

3)The loan will be secured on the properties.

4)The conversion of the Bonds is at $1.5/ new share.