AEW UK

NAV Update and Dividend Declaration 31 March 2022

Retrieved on: 
Thursday, April 21, 2022

AEW UK REIT plc (LSE: AEWU) (the "Company"), which directly owns a diversified portfolio of 36 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three-month period ended 31 March 2022.

Key Points: 
  • AEW UK REIT plc (LSE: AEWU) (the "Company"), which directly owns a diversified portfolio of 36 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three-month period ended 31 March 2022.
  • NAV of 191.10 million or 120.63 pence per share as at 31 March 2022 (31 December 2021: 180.94 million or 114.21 pence per share).
  • Interim dividend of 2.00 pence per share for the three months ended 31 March 2022, in line with the targeted annual dividend of 8.00 pence per share.
  • The Company's EPRA EPS was 1.55 pence for the quarter, providing a dividend cover of 78% (31 December 2021: 1.80 pence and 90%).

AEW UK REIT plc: Acquisition of prime retail site in Bristol city centre

Retrieved on: 
Wednesday, June 23, 2021

AEW UK REIT plc (LSE: AEWU) (the "Company") is pleased to announce the acquisition of a prime retail site in the heart of Bristol city centre for a purchase price of 10.19 million, equating to 161 per sq ft and reflecting a net initial yield of 8%.

Key Points: 
  • AEW UK REIT plc (LSE: AEWU) (the "Company") is pleased to announce the acquisition of a prime retail site in the heart of Bristol city centre for a purchase price of 10.19 million, equating to 161 per sq ft and reflecting a net initial yield of 8%.
  • 15-33 Union Street occupies a prominent location in Bristol city centre, opposite The Galleries Shopping Centre and near Cabot Circus, Bristol's premier retail destination.
  • Alex Short, Portfolio Manager, AEW UK REIT, commented: "We are pleased to have acquired this prominent and busy city centre property.
  • The site offers the opportunity to benefit from the major regeneration currently underway in Bristol city centre over the long-term.

AEW UK REIT plc: NAV Update and Dividend Declaration

Retrieved on: 
Monday, January 25, 2021

AEW UK REIT plc (LSE: AEWU) (the "Company"), which, as at 25 January 2021, directly owns a diversified portfolio of 35 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three month period ended 31 December 2020.

Key Points: 
  • AEW UK REIT plc (LSE: AEWU) (the "Company"), which, as at 25 January 2021, directly owns a diversified portfolio of 35 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three month period ended 31 December 2020.
  • Interim dividend of 2.00 pence per share for the three months ended 31 December 2020, in line with the targeted annual dividend of 8.00 pence per share.
  • NAV of 151.88 million or 95.87 pence per share as at 31 December 2020 (30 September 2020: 147.24 million or 92.73 pence per share).
  • Alex Short and Laura Elkin, Portfolio Managers, AEW UK REIT, commented:
    "We are pleased to see some NAV recovery this quarter which is due, in part, to the team's ongoing drive to maximise value from the assets' business plans.

AEW UK REIT plc: Acquisition of Industrial Estate

Retrieved on: 
Tuesday, November 10, 2020

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • AEW UK REIT plc (LSE: AEWU) (the "Company") is pleased to announce that ithas acquired the multi-let Westlands Distribution Park in Weston Super Mare for a purchase price of 5.4m.
  • Theestablished 323,437sqft estate is let to 15 tenants including North Somerset District Council who make up 30% of the income stream.
  • It is located 3 miles from the M5 Motorway and 20 miles south of Bristol city centre.

AEW UK REIT plc: Closed Period - Compliance with Market Abuse Regulation

Retrieved on: 
Monday, October 26, 2020

AEW UK Investment Management LLP employs a well-resourced team comprising 26 individuals covering investment, asset management, operations and strategy.

Key Points: 
  • AEW UK Investment Management LLP employs a well-resourced team comprising 26 individuals covering investment, asset management, operations and strategy.
  • AEW Group comprises AEW SA and AEW Capital Management L.P., a U.S. registered investment manager and their respective subsidiaries.
  • The Investment Manager is a 50:50 joint venture between the principals of the Investment Manager and AEW.
  • In May 2019, AEW UK Investment Management LLP was awarded Property Manager of the Year at the Pensions and Investment Provider Awards.

AEW UK REIT plc: NAV Update and Dividend Declaration

Retrieved on: 
Thursday, July 23, 2020

AEW UK REIT plc (LSE: AEWU) (the "Company"), which, as at 23 July 2020, directly owns a diversified portfolio of 34 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three month period ended 30 June 2020.

Key Points: 
  • AEW UK REIT plc (LSE: AEWU) (the "Company"), which, as at 23 July 2020, directly owns a diversified portfolio of 34 regional UK commercial property assets, announces its unaudited Net Asset Value ("NAV") and interim dividend for the three month period ended 30 June 2020.
  • The Company today announces an interim dividend of 2.00 pence per share for the three months ended 30 June 2020, in line with the targeted annual dividend of 8.00 pence per share.
  • NAV of 148.24 million or 93.37 pence per share as at 30 June 2020 (31 March 2020: 147.86 million or 93.13 pence per share).
  • Alex Short and Laura Elkin, Portfolio Managers, AEW UK REIT, commented:
    "We are very pleased to be able to announce today an increase in NAV for the quarter providing a NAV total return of 2.4%.

AEW UK REIT plc: Investor Presentation

Retrieved on: 
Friday, July 3, 2020

AEW UK REIT plc(LSE: AEWU)(the"Company"), whichholds a diversified portfolio of 34 commercial investment properties throughout the UK,is pleased to announce that Alex Short, Portfolio Manager, and Laura Elkin, Assistant Portfolio Manager, along with Richard Tanner, Managing Director of AEW UK Investment Management, will provide a live investor presentation relating to the Company's recent results via the Investor Meet Company platform on Wednesday 8th July 2020 at 11am.

Key Points: 
  • AEW UK REIT plc(LSE: AEWU)(the"Company"), whichholds a diversified portfolio of 34 commercial investment properties throughout the UK,is pleased to announce that Alex Short, Portfolio Manager, and Laura Elkin, Assistant Portfolio Manager, along with Richard Tanner, Managing Director of AEW UK Investment Management, will provide a live investor presentation relating to the Company's recent results via the Investor Meet Company platform on Wednesday 8th July 2020 at 11am.
  • * Questions can be submitted to the Investment Manager prior to the event via the Investor Meet Company dashboard or at any time during the live presentation via the "Ask a Question" function.
  • Responses to the Q&A from the live presentation will be published at the earliest opportunity following the presentation on the Investor Meet Company platform.
  • * Investor feedback can also be submitted directly to the Investment Manager post-event to ensure that the Company understands the views of all elements of its shareholder base.

AEW UK REIT plc: Investor Presentation

Retrieved on: 
Thursday, July 2, 2020

AEW UK REIT plc(LSE: AEWU)(the"Company"), whichholds a diversified portfolio of 34 commercial investment properties throughout the UK,is pleased to announce that Alex Short, Portfolio Manager, and Laura Elkin, Assistant Portfolio Manager, along with Richard Tanner, Managing Director of AEW UK Investment Management, will provide a live investor presentation relating to the Company's recent results via the Investor Meet Company platform on Wednesday 8th July 2020 at 11am.

Key Points: 
  • AEW UK REIT plc(LSE: AEWU)(the"Company"), whichholds a diversified portfolio of 34 commercial investment properties throughout the UK,is pleased to announce that Alex Short, Portfolio Manager, and Laura Elkin, Assistant Portfolio Manager, along with Richard Tanner, Managing Director of AEW UK Investment Management, will provide a live investor presentation relating to the Company's recent results via the Investor Meet Company platform on Wednesday 8th July 2020 at 11am.
  • The Investor Meet Company platform exists to provide private investors with improved access to listed companies and as such, the focus of the call is to encourage and improve information flow between private investors and the Company.
  • * Questions can be submitted to the Investment Manager prior to the event via the Investor Meet Company dashboard or at any time during the live presentation via the "Ask a Question" function.
  • Responses to the Q&A from the live presentation will be published at the earliest opportunity following the presentation on the Investor Meet Company platform.

AEW UK REIT plc: Debt Facility Amendment

Retrieved on: 
Wednesday, June 24, 2020

AEW UK REIT plc(LSE: AEWU)(the"Company") is pleased to announce an amendment to its loan facility which permits the Company to make loan repayments and to re-draw amounts under the facility, akin to a revolving credit facility.

Key Points: 
  • AEW UK REIT plc(LSE: AEWU)(the"Company") is pleased to announce an amendment to its loan facility which permits the Company to make loan repayments and to re-draw amounts under the facility, akin to a revolving credit facility.
  • The Company has the flexibility to repay any amount, at any time and without transaction fees, although a commitment fee will be charged on any repaid loan amounts.
  • The facility's key terms, including the Loan to NAV covenant, remain unchanged.
  • Commenting on the agreement, Alex Short, Portfolio Manager of AEW UK REIT said, "We are very pleased to have negotiated such an attractive amendment to our debt facility which gives us incredible flexibility at a time of unprecedented market conditions.

AEW UK REIT plc: Asset Management Update

Retrieved on: 
Friday, June 19, 2020

AEW UK REIT plc(LSE: AEWU)(the"Company") is pleased to announce that the Secretary of State for Communities and Local Government has renewed its lease agreement on the Company's premises at Sandford House, Solihull.

Key Points: 
  • AEW UK REIT plc(LSE: AEWU)(the"Company") is pleased to announce that the Secretary of State for Communities and Local Government has renewed its lease agreement on the Company's premises at Sandford House, Solihull.
  • Throughout its hold period, the Company has so far received a net income yield from the asset in excess of 9% against its purchase price of 5.4 million.
  • Commenting on the agreement, Alex Short, Portfolio Manager of AEW UK REIT said, "We are delighted to have secured this highly profitable lease renewal that crystalises both income growth and value creation for the Company's investors.
  • We continue to look for attractive purchasing opportunities that will deliver robust returns to our shareholders through the active management of our properties."