In QuotedData’s other news 12 July 2019
- FastForward Innovations has swapped its stake in Intensity Therapeutics for shares in Portage Biotech, a Canadian listed company part-owned by Jim Mellon (a director of FastForward). Portage has no revenue but the value of the Portage shares FastForward is getting implies a small uplift in FastForward’s NAV.
- Aberdeen Standard European Logistics has completed its s-Heerenberg acquisition. The €24m price is equivalent to a net initial yield of 5%. It is let to JCL Logistics on a lease with 12.5 years left to run. In addition, the Oss logistics project has completed and been handed over to its tenant, Orangeworks.
- Gresham House Energy Storage raised £15.3m from its placing.
- Yew Grove REIT agreed a €9.1m extension to its revolving credit facility – the total facility is now €29.1m, of which €22.8m has been drawn. The money will be used to finance acquisitions.
- KCR Residential REIT said it would expand into Australia, Germany and the private rented sector – a bold set of ambitions for a less than £8m market cap company
We also have results from TwentyFour Income Fund, an announcement from JPMorgan Global Convertibles Income that it will not bother with its continuation vote and the purchase of a wind farm by Aquila.