Overview
K&C REIT aims to build a substantial residential property portfolio that generates secure income flow for shareholders through the acquisition of SPVs with historic capital gains. They intend to achieve this objective by acquiring, developing and managing residential property assets in Central London.
K&C’s property acquisitions will focus on London, particularly on locations within Central London such as Kensington & Chelsea, Westminster and the surrounding area (though they can invest elsewhere). The majority of properties acquired are expected to be held for a minimum of three years.
Acquisitions will be funded either through issuing new ordinary shares to vendors, utilising the Company’s cash resources and access to debt, or a combination of these. The level of any borrowing secured against acquisitions will be no more than 50 per cent. loan to value.
You can access the company’s website here
Fundamentals
Price
News
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12 Jul 2019 1 min read
QuotedData’s other news 12 July 2019
In QuotedData’s other news 12 July 2019 FastForward Innovations has swapped its stake in Intensity Therapeutics for shares in Portage Biotech, a Canadian listed company part-owned by Jim Mellon (a director of FastForward). Portage has no revenue but the value of the Portage shares FastForward is getting implies a small uplift in FastForward’s NAV. Aberdeen Standard […]
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24 Oct 2017 2 min read
K&C REIT hopes for transformation
K&C REIT hopes for transformation – tiny K&C REIT has big ambitions. It plans to consolidate its shares on a 10×1 basis and issue up to £150m shares at 100p to fund the acquisition of portfolios of residential property. It hopes to top up the £150m equity issue with £100m of debt. Duncan Walker, previously […]
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17 Oct 2017 2 min read
K&C REIT struggles with high overheads and weak property market
K&C REIT struggles with high overheads and weak property market – K&C REIT, the high-end residential property fund, has announced results for the year ended 30 June 2017. Its NAV fell to 8.57p from 9.42p (-9.0%). The shares are trading at 7.5p. They point out that the residential sales market has slowed over the last year, […]
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11 Jul 2016 1 min read
K&C REIT gives options to former chief exec
K&C REIT plc, the residential real estate investment trust group, announces that the Board has agreed to grant options over ordinary shares of 1p each, as detailed below, to George Rolls, the former non-executive director and then chief executive who left the Board in December 2015. The Board has also agreed to make a payment […]
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27 May 2016 2 min read
K&C REIT completes the purchase of Osprey
K&C REIT has announced that it has completed the purchase of ‘The Osprey Management Company Limited’, from Ms Susan Hards, for an aggregate consideration valued at £1.6m. The company says that Osprey owns a portfolio of freehold interests in what it describes as, “a number of high quality retirement and residential properties in and around […]
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09 May 2016 2 min read
K&C REIT buys retirement and residential portfolio
K&C REIT has announced that, on 6 May 2016, it agreed to acquire the entire issued share capital of The Osprey Management Company Limited from Ms Susan Hards for an aggregate consideration of £1.6m. Osprey owns a portfolio of freehold interests in a number of high quality retirement and residential properties in London and southern England. In addition, […]
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08 Dec 2015 1 min read
Early days for K&C REIT
K&C REIT, which was admitted to AIM on 3 July 2015, has released its annual results for the year ended 30 June 2015. On its admission to AIM, the Group issued 43,035,622 ordinary shares, including 35,663,400 shares issued at 10 pence per share pursuant to a fundraising, generating gross cash proceeds of £3,566,340. Shortly after […]
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03 Jul 2015 1 min read
K&C REIT makes first acquisition
K&C REIT has made its first acquisition – buying 25 Colherne Road, a 3,976 sq. ft. residential building in Chelsea, London, comprising ten studio apartments for £3.63m. 25 Coleherne Road was valued at £4m on 22 June 2015. The Group also owns a further three smaller properties. The property is held through an SPV, Silcott […]
