Tritax plans share issue
Tritax Big Box REIT is aiming to raise £100m on the London Stock Exchange for future investment.
The REIT is approaching its target 40% leverage level owing to forward funding on projects.
The company will issue 80.6m shares priced at 124p on 16 February; £80m is expected to be placed with existing shareholders.
Ediston returns 13.7%
Ediston Property Investment Company has delivered a net asset value return of 13.7% and a share price total return of 14.3% in its first year as a public company.
In the year to 30 September, the company acquired 11 properties for a total of £119.8m.
Its pretax profit was £12.9m and it paid a total dividend of 5p per share.
pbb fuels Catalyst in Paris
Deutsche Pfandbriefbank has supplied a €92m (£70m) loan to Catalyst European Property for two offices in Paris.
The loan will go to the Catalyst European Property Fund II for its investment in the Atria building in Rueil-Malmaison and the Axe Etoile building in Nanterre.
Crest Nicholson ups revenue
Crest Nicholson has reported a 26% increase in sales revenue to £804.8m for the year to the end of October.
In a stock market announcement, the housebuilder said pretax profit had risen to £154m, a 32% rise, off an 8% increase in its sales volume to 2,725 homes.
The company said it expected to meet its target to deliver 4,000 homes and £1.4bn of revenue by 2019.
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