Trade counters & self storage
The Royal London Pension Property Fund has bought The Birches Trading Estate in West Sussex from Ropemaker Properties for £65m, reflecting an initial yield of 4.66%.
Current self storage trends are leaning heavily towards more creative thinking. The industry has to operate more innovatively to maintain high occupancy levels into the 2020s, seeking out new opportunities for developing existing offers through collaboration, joint ventures and investment in state-of-the-art business space, including hot-desking.
Big Yellow Group has reported a 6% increase in revenue and 13% leap in earnings per share for the six months to 30 September.
Toolstation is embarking on an expansion of its branch network across the UK.
Schroder UK Real Estate Fund (SREF) has a track record for being one of the first institutional investors to enter emerging markets and it is a strategy that has served it well, helping turn it into one of the UK’s best-performing funds.