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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Real Trust Limited | LSE:ARTL | London | Ordinary Share | GB00B13VDP26 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 137.50 | 130.00 | 145.00 | 137.50 | 137.50 | 137.50 | 140 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 6.65M | 631k | 0.0107 | 128.50 | 81M |
TIDMARTL
RNS Number : 4451Y
Alpha Real Trust Limited
21 August 2018
21 August 2018
LEI: 213800BMY95CP6CYXK69
ALPHA REAL TRUST LIMITED ("ART" OR THE "COMPANY")
acquisItion of aN indUstrial PROPERTY IN Hamburg, germany
ART announces it has acquired an industrial facility in Hamburg, Germany leased to a leading international group for EUR17.0 million (GBP15.2 million) including acquisition costs.
The property is leased to Veolia Umweltservice Nord GmbH, part of the Veolia group, an international industrial specialist in water, waste and energy management with a 24 year unexpired lease term. Under the lease, the tenant is responsible for building maintenance and the passing rent of EUR0.9m p.a. has periodic inflation linked adjustments.
As part of the acquisition funding, ART has secured a EUR9.5 million fixed rate loan facility with a 10 year term.
Hamburg is one of the main industrial and logistics markets in Germany. The property is held freehold and occupies a site of 11.8 acres in Billbrook, a well-established and well connected industrial area located approximately 8 kilometres south-east of Hamburg centre.
Investment rationale
This acquisition offers the Company the potential to benefit from a long term secure and predictable inflation-linked income stream which is forecast to generate stable high single digit income returns whilst contributing additional diversification to ART's portfolio. In addition, the investment offers the potential for associated capital growth from an industrial location in a major German logistics and infrastructure hub.
The Company remains focussed on high-yielding property, infrastructure and asset backed debt and equity investments in Western Europe that are capable of delivering strong risk adjusted cash flows, including build to own investments.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100 Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts +44 (0) 20 7886 2500
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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August 21, 2018 06:30 ET (10:30 GMT)
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