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QuotedData’s morning briefing 16 February 2021

In QuotedData’s morning briefing 16 February 2021:

  • GCP Student Living (DIGS) has terminated WeWork’s lease on the commercial space at Scape Shoreditch. The 50,000 sq ft Grade A space is just a two-minute walk from Old Street Underground. WeWork had £2.3m of rent arrears up to the end of 2020. GCP Student Living has collected £3.1m from WeWork to cover the arrears and rent due up to June 2021.
  • AVI Japan Opportunity (AJOT) has raised £13.9m by issuing 12,107,323 new shares at 115.07p. The price is a 2% premium to the NAV on 12 February.
  • Invesco Perpetual Select plans to drop the “Perpetual” [which seems kind of apt given these Invesco trusts have been dropping like flies]. Its new name will be Invesco Select Trust but the tickers will remain the same. (IVPU, IVPG, IVPB and IVPM).

We also have news of a planned fundraise by LXI REIT and JLEN looking to expand its remit.

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