In QuotedData’s morning briefing 19 August 2021:
- Custodian REIT has paid £1.9m to buy a 29,676 sq ft industrial unit on Wester Gourdie Industrial Estate, Dundee, adjacent to the A90. The unit is occupied by Menzies Distribution Limited with an unexpired term to first break or expiry of 5.2 years. The unit has a passing rent of £117,500 per annum, reflecting a net initial yield1 of 5.89%.
- KKV Secured Loan has decided to return 3p per share to ordinary shareholders (£10.6m based on the current number of shares in issue) and 21p per share to C shareholders (£29m). The distributions will be effected by way of an issue of redeemable B shares and D shares. The distributions will be available for shareholders on 1 September 2021, the deal would be done on 3 September and money should reach accounts on or after 13 September.
We also have interim results from Apax Global Alpha and a new investment by Chrysalis