Share Name Share Symbol Market Type Share ISIN Share Description
Aew Uk Reit Plc LSE:AEWU London Ordinary Share GB00BWD24154 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.18% 110.60 110.80 111.40 111.80 110.20 111.00 499,076 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 17.5 22.2 14.0 7.9 176

AEW UK REIT plc: Sale of two industrial assets for GBP16.7 million

23/08/2021 9:51am

UK Regulatory (RNS & others)

Aew Uk Reit (LSE:AEWU)
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AEW UK REIT plc (AEWU) AEW UK REIT plc: Sale of two industrial assets for GBP16.7 million 23-Aug-2021 / 09:51 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

----------------------------------------------------------------------------------------------------------------------- 23 August 2021


Sale of two industrial assets for GBP16.7 million

AEW UK REIT plc ("AEWU" or "the Company") is pleased to announce that it has sold two industrial assets, Units 16 & 16A, Langthwaite Industrial Estate in South Kirkby and Wella Warehouse in Basingstoke for a total of GBP16.7 million.

The sale of South Kirkby completed on Friday 20th August, whilst Basingstoke has exchanged with completion subject to freeholder consent.

The sites are single let, totalling 278,428 sq ft in size, and are situated in strong regional locations. The combined rental income of the two properties is GBP1,177,087 pa. Both sales will deliver significant profit by exceeding their most recent valuations and the prices AEWU paid at acquisition.

Commenting on the sales, Alex Short, Portfolio Manager of AEW UK REIT said, "The two assets in South Kirkby and Basingstoke have performed well and delivered excellent returns to AEWU shareholders over the last few years, as AEWU has enjoyed the benefits of an overall heavy weighting towards the industrial sector. The value of the properties has climbed significantly, and we believe now is the time to realise this profit and reinvest the proceeds into new exciting opportunities that we are seeing in the market."

For further information, please contact:

Alex Short                     alex.short@eu.aew.com 
                               +44(0) 20 7016 4848 
Nicki Gladstone                nicki.gladstone-ext@eu.aew.com 
                               +44(0) 7711 401 021 
Company Secretary              aewu.cosec@linkgroup.co.uk 
Link Company Matters Limited   +44(0) 1392 477 500 
TB Cardew                      aew@tbcardew.com 
Ed Orlebar                     +44 (0) 7738 724 630 
Tania Wild                     +44 (0) 7425 536 903 
Lucas Bramwell                 +44 (0) 7939 694 437 
Liberum Capital 
Darren Vickers / Owen Matthews +44 (0) 20 3100 2000 

Notes to Editors


AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than GBP15 million), on shorter occupational leases in strong commercial locations across the United Kingdom. The Company is currently invested in office, retail, industrial and leisure assets, with a focus on active asset management, repositioning the properties and improving the quality of income streams. AEWU is currently paying an annualised dividend of 8p per share.

The Company was listed on the Official List of the UK Listing Authority and admitted to trading on the Main Market of the London Stock Exchange on 12 May 2015

AEWU is currently paying an annualised dividend of 8p per share. www.aewukreit.com

LEI: 21380073LDXHV2LP5K50

About AEW UK Investment Management LLP

AEW UK Investment Management LLP employs a well-resourced team comprising 26 individuals covering investment, asset management, operations and strategy. It is part of AEW Group, one of the world's largest real estate managers, with EUR72.8bn of assets under management as at 31 March 2021. AEW Group comprises AEW SA and AEW Capital Management L.P., a U.S. registered investment manager and their respective subsidiaries. In Europe, as at 31 March 2021, AEW Group managed EUR35.7bn of real estate assets on behalf of a number of funds and separate accounts with over 430 staff located in 9 offices. The Investment Manager is a 50:50 joint venture between the principals of the Investment Manager and AEW. In May 2019, AEW UK Investment Management LLP was awarded Property Manager of the Year at the Pensions and Investment Provider Awards.



ISIN:           GB00BWD24154 
Category Code:  MSCM 
TIDM:           AEWU 
LEI Code:       21380073LDXHV2LP5K50 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   120519 
EQS News ID:    1228134 
End of Announcement  EQS News Service 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1228134&application_name=news


(END) Dow Jones Newswires

August 23, 2021 04:51 ET (08:51 GMT)

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