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Further to the Company s announcement on 8 March 2021, the Company has with effect from 1 May 2021 appointed Jupiter Unit Trust Managers Limited (the Jupiter AIFM ) as its new alternative investment fund manager, replacing Maitland Institutional Services Limited (the Maitland AIFM ) whose appointment was terminated at the same time. The Jupiter AIFM is a member of the same group as Jupiter Investment Management Limited (the Investment Adviser ) and this change will not impact the provision of services to the Company by the existing management team at the Investment Adviser. Under the new arrangements, the management and performance fees previously payable to the Investment Adviser are now payable to the Jupiter AIFM together with reimbursement of reasonable expenses incurred by it in the performance of its duties. Additionally, the Jupiter AIFM is entitled to an AIFM fee per month equal to 1/12 of the sum of: (i) 0.05 per cent of the Company s net
AEW UK REIT plc: Acquisition of Retail Park
DJ AEW UK REIT plc: Acquisition of Retail Park
AEW UK REIT plc (AEWU)
AEW UK REIT plc: Acquisition of Retail Park
05-May-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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5 May 2021
AEW UK REIT Plc
Acquisition of Retail Park
AEW UK REIT plc (LSE: AEWU) (the Company ) is pleased to announce that it has acquired the 5.65 acre Arrow Point
Retail Park in Shrewsbury for a purchase price of GBP8.35m. The established retail park is located on a busy commercial
AEW UK REIT plc (LSE: AEWU) (the Company ), which, as at 22 April 2021, 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 31 March 2021.
Interim dividend of 2.00 pence per share for the three months ended 31 March 2021, in line with the targeted annual dividend of 8.00 pence per share.
EPRA earnings per share ( EPRA EPS ) for the quarter of 1.10 pence (31 December 2020 quarter: 1.68 pence).
NAV of £157.08 million or 99.15 pence per share as at 31 March 2021 (31 December 2020: £151.88 million or 95.87 pence per share).
NAV total return of 5.51% for the quarter (31 December 2020: 5.53%).
As announced on 26 February 2021, the Company s net asset value ( NAV ) per ordinary share was 180.75 pence as of 31 December 2020. The Company subsequently announced on 1 March 2021 an estimated revised valuation of the Company s investment in Klarna Holding AB, due to its funding round, would result in a gross increase in the NAV per ordinary share of approximately 32p (based on Swedish Krona foreign exchange rates as of 26 February 2021) as compared to the Company s last reported NAV per ordinary share.
The Company notes Starling Bank s announcement today of the completion of a major funding round - conducted at a post new-money valuation of £1.3 billion - which represents a material uplift on the Company s carrying value of that asset. It is anticipated that this will lead to a gross NAV per share increase of approximately 6p compared to the Company s last reported NAV per share (calculated on the basis that the achieved valuation on the funding round is applied t