QuotedData’s other news – 18 April 2019

QuotedData’s other news – 18 April 2019

TriplePoint Social Housing REIT has bought six supported housing properties and acquired the land and entered into forward funding arrangements to develop another two supported housing schemes, comprising 80 units in total, for an aggregate commitment of GBP14.8 million. These leases are with specialist housing associations, including Falcon Housing Association, Hilldale Housing Association and Inclusion Housing and the properties will provide specialist, high quality homes for individuals with mental health and other support and care needs.

Summit Properties has published accounts for the year ended 31 December 2018. EPRA NAV soared to €1.89 from €1.23 and EPRA earnings per share leapt by 162% to 56.6 cents. Harry Hyman, chairman, commented: “we intend to continue to carefully review further transactions to maintain this growth momentum over the medium term, while also returning capital to our shareholders“.  Zohar Levy, managing director, commented: “We acquired EUR252 million of new properties, improved our debt structure considerably and made significant progress in the development of existing surplus building rights to unlock further inherent value of the portfolio. The German real estate market remains very attractive and our under-rented portfolio contains multiple opportunities for intensive asset management driven improvements over the next few years. We fully intend to continue and capitalise upon these and optimise our portfolio to drive substantial shareholder returns“.

Other stories announced today were:



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