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AEW UK REIT net asset value up

By BFN News | 07:51 AM | Tuesday 01 March, 2016

AEW UK REIT's unaudited net asset value rose to GBP114.77 million, or 97.67p per share at the end of January - an increase of 0.59% per share from 31 October, or a NAV total return, including the first interim dividend for the period, of 2.14%. As at 31 January, the company owned investment properties with a fair value of GBP103.60 million. The company's investment in AEW UK Core Property Fund is valued at GBP10.01 million and the company had cash balances of GBP14.71 million for capital investment. An update for the period from 1 November to the end of January notes that the company raised GBP17.18 million gross proceeds in December through the issue of 17,010,000 new ordinary shares and that seven properties acquired during the period for total of GBP31.09 million (net of acquisition costs). Story provided by

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