Damille 2’s interims, covering the six months ended 31 May 2015, show the NAV rising by 7%. They also returned £9.7m to shareholders via a redemption offer, bringing the total returned to shareholders to date to £19.2m.
They say they have been taking advantage of market weakness to add to holdings. Since the Period end the Company has acquired 20% of The Local Shopping REIT plc (LSR). LSR is a UK Real Estate Investment Trust with an established portfolio of local shops in urban and suburban areas throughout the UK. LSR is in a realisation phase whereby it is seeking buyers for its properties with a view to returning cash to shareholders.
DIL2 : Damille takes stake in Local Shopping REIT