AEW UK REIT ( (GB:AEWU) ) just unveiled an announcement.
AEW UK REIT plc has acquired a high-street retail asset in the affluent town of Hitchin for £10 million, reflecting a net initial yield of 8.31%. This acquisition aligns with the company’s strategy to reinvest proceeds from the recent sale of its retail park in Coventry into higher-yielding assets. The property, located in a prime retail area, is fully let to major tenants such as Marks & Spencer and Vodafone, with potential for further asset management opportunities. This move demonstrates AEW UK REIT’s commitment to enhancing its portfolio and seizing growth opportunities in the current market.
More about AEW UK REIT
AEW UK REIT plc is a real estate investment trust that focuses on delivering attractive total returns by investing primarily in smaller commercial properties across the United Kingdom. The company engages in active asset management, repositioning properties, and enhancing income streams, with investments in office, retail, industrial, and leisure assets. AEW UK REIT is listed on the London Stock Exchange and pays an annualized dividend of 8p per share.
YTD Price Performance: 1.79%
Average Trading Volume: 338,373
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £158.4M
See more data about AEWU stock on TipRanks’ Stock Analysis page.