logo
  

UKCM Acquires Multi Let Industrial Asset Near Gatwick Airport - Quick Facts

UK Commercial Property REIT Limited (UKCM.L) announced the acquisition via approximately 25 million pounds forward funding of three new warehouse units, known as Sussex Junction, which are currently under construction near Gatwick airport. Once constructed, the asset will comprise three single storey warehouse buildings. All units have planning for storage and distribution.

UKCM said it is confident of investing remaining cash resources into further acquisitions in the foreseeable future, at which point the Board is expected to confirm an increase in the dividend for fourth quarter 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Oilfield services company Schlumberger Ltd. reported Friday a profit for the fourth quarter that surged 61 percent from last year, reflecting 13 percent higher revenues amid growth across all segments and regions. Both adjusted earnings per share and quarterly revenues topped analysts' estimates. Twitter Inc. has launched a new feature to allow some users of its Blue subscriber service to keep non-fungible tokens or NFTs as their profile pictures. Twitter Blue is now available in the US, Canada, Australia, and New Zealand. NFT is a crypto token, which is non-fungible, meaning that it can neither be transferred like money nor replaced with something else. Frozen Food Development is recalling specific lots of Lidl branded 12-ounce packages of Frozen Chopped Spinach citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The product comes in 12-ounce poly bags, and items included in the recall are marked with lot # R17742 or R17963 on the back of the poly bag with a best by date of 09/10/23.
Follow RTT