News about United Hampshire US REIT —
United Hampshire US REIT is announcing its first operation with the acquisition of two American retail properties:
- Penrose Plaza, in Philadelphia (Pennsylvania), which is 94.1 occupied by 27 tenants including ShopRite or Dollar Tree. WALE is 9.2 years.
- Colonial Square, in Richmond (Virginia), which is 99.1% occupied by 20 tenants including Publix or Wells Fargo. WALE of 6.6 years.
Both are freehold and purchased for US$52.0 and US$26.25 millions, respectively. To fund the operation, the trust has made a private placement of 55,555,000 new shares at US$0.63 each.
The manager expects the transaction to be DPU accretive while improving total WALE.