The Company has provided an update to the recapitalisation program, with confirmation the Lloyds Bank have agreed a new

The recapitalisation of INTU SGS is due to be completed in the next 4-6 weeks, following a Scheme of Arrangement Sanction hearing on the

The refinancing and debt reduction plans continue for INTU SGS with the Practice Statement Letter circulated on Friday. The proposed Scheme of Arrangement court hearing is

Today’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and

SGS have updated their March 2023 Business Plan which shows an increase in Static NRI (Net Rental Income) of £27m to £94m in FY27 (March 2027). This is primarily driven by

As part of the monthly reports from INTU SGS, they report footfall and more importantly tenant sales, which show July sales 1% higher than

London Metric, a UK listed REIT, has announced the sale of some assets over the last couple of days.  These transactions are small in size but highlights that the

Rent collections and Occupancy continue to improve across the portfolio with no signs that the recent macroeconomic uncertainty and the recent collapse of some high-profile retailers impacting.  In fact, occupancy is now at the same level as

UK property is not yet dead. Volumes in the UK property space have significantly reduced as interest rate rises impact investor confidence. However,

Footfall is steadily returning to pre-covid levels, with monthly footfall in April at c.98% of April 2019 with YTD at 92%. Note the Company is now only

Bluewater shopping centre, owned by a consortium including LandSec, M&G Real Estate, Royal London and Aberdeen Standard Investments have applied to the

INTU Debentures, under their new Asset Manager, Pradera Lateral, presented their 3yr Business Plan. As a reminder, INTU Debentures Occupancy rates

The UK REIT, Supermarket Income REIT, has just purchased a Tesco store comprising of a supermarket, forecourt and online hub for Tesco which

Blackstone has agreed to a cash offer for Industrial REIT Limited for c.£500m, which although a premium of c.40% to current trading levels, is a

We sound very much like a broken record when it comes to reporting INTU Debentures and INTU SGS numbers. There are no revised third-party valuations yet, but underlying the valuations is higher rent collection c.98% versus

We are seeing our INTU position quoted lower today on the back of news that PWC’s role is being questioned in their audits of

Some slightly worrying stats appearing in the recent monthly report from INTU SGS, which shows Q4 rent collection (82%) showing a deterioration versus Q3 rent collection (86%) at a

Hammerson, the listed shopping centre owner, has released an operational and rent collection update for Q3. The quick takeaways are improved rent collection with FY22 adjusted earnings ahead

The issue with quarterly reports is they tend to be backwards-looking and Debentures is no different. All metrics have continued to improve; Occupancy rates,

SGS (Formerly INTU SGS) provided their monthly commentary for the month of July, highlighting footfall across their estate was only 7% lower than pre-covid 2019 levels. However, on specific shopping centres levels, the differential is greater with the stronger bigger

Slowly but surely, the level of transactions in the shopping centre space is starting to return. Various press reports outline potential asset sales at

INTUS SGS reported its monthly figures for April, which continue to show improving footfall at the centres, with 87% on average across all four centres compared with 2019. More importantly, tenant sales were 89% of April 2019 levels, up from 84% recorded in March. Obviously, inflation is

Footfall on the UK high street has reached its highest level since pre-Covid, down only 10% in early May versus comparable week in 2019. The good weather and weak comparison has helped reduce the differential, with high street and shopping centres all-seeing

SGS continue to report strong monthly numbers from higher occupancy rates and higher collections. SGS management is making

Hammerson reported its FY21 numbers this morning, and their report highlights the continued improvement of occupancy rates and rent collections in the UK market. This continues the

Ahead of their conference call next Wednesday (9th March), SGS released both a quarterly and updated business plan to lenders. We will write a fuller update later, but in summary, SGS has seen

Hammerson, the UK listed property Company, has confirmed they are in talks with the Swiss entity, Redical Holdings AG, to sell its Victoria Gate and Victoria Quarter shopping centres for

SGS INTU Land Securities, the UK listed property Company announced yesterday the purchase of a further 25% stake in Bluewater shopping centre, which

SGS reported its monthly figures and although they were encouraging, the recent wave of Covid/Omicron infections and related restrictions will hamper the