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QuotedData’s morning briefing 8 January 2021

QuotedData's morning briefing

In QuotedData’s morning briefing 8 January 2021:

  • The Schiehallion Fund has announced that it is considering an issue of C shares to institutional and professional investors at a price of US$1.00 per C share. The company says that the size of the issue is still to be determined, but it does not currently expect that the maximum size would exceed US$500 million. The company says that, should it decide to proceed with the C share, it currently expects that a prospectus will be published by the end of March 2021, with trading in the C shares commencing before the end of April 2021.
  • Harworth Group has announced that it has sold its 283-acre Bilsthorpe Business Park (“Bilsthorpe”) in Nottinghamshire for a total consideration of £4.6 million in two separate transactions. The first sale comprised the sale of a 10 acre site, including a Highways Depot let to Nottingham City Council on a long lease, to Waypoint for £2.05m, reflecting a Net Initial Yield of c. 3.0%. The remaining mixed-use, 273 acre site was sold to Insite Group for £2.55m, reflecting a c. 5.5% Net Initial Yield. The site comprises a c. 22,000 sq. ft multi-let industrial estate; a Coal Mine Methane energy generation plant; and 250 acres predominantly low-grade agricultural land.

We also have an update on rent collections from Secure Income REIT.

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