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QuotedData’s morning briefing 11 October 2021

Solar panels

In QuotedData’s morning briefing 11 October 2021:

  • VH Global Sustainable Energy Opportunities (GSEO) has completed its acquisition of the first 5MW solar photovoltaic site near Adelaide, South Australia. This is part of the first tranche consisting of two sites totalling 17MW as announced on 2 August 2021. Battery storage will be built and co-located on both sites. The company is on track to complete the acquisition of the second site by the end of October 2021.
  • Bluefield Solar Income (BSIF) has appointed Michael Covington as investment director at its investment advisor, Bluefield Partners. He joins from Alpha Real Capital where he was the renewables investment director. Prior to that, he was a managing partner at the Barcelona based sustainable investment specialist, SI Capital Private Equity. James Armstrong, managing partner at Bluefield Partners, said: “We are delighted to announce the appointment of Michael. He has long and relevant M&A experience in the European wind and solar sectors where we are seeing many attractive opportunities following the broadening of the Company’s mandate in June 2020 and building on the recent portfolio acquisition of 109 small scale UK onshore wind turbines from Arena Capital Partners for approximately £60 million.”
  • Pyxis Oncology, a preclinical biotechnology firm and a portfolio company of RTW Venture (RTW), has revealed its pricing of an upsized $168m IPO and admission to trade on Nasdaq Global Market under ticker “PYXS”. Prior to IPO, the company, together with other funds managed by RTW Investments, co-led Pyxis’ $152m Series B financing round in March 2021. The IPO raised $168m by offering 10.5 million shares at $16.00 per share.
  • TMT Acquisition’s (TMTA) entire issued share capital of 27,500,000 Ordinary Shares has today been admitted to listing on the standard segment of the Official List of the FCA and to trading on the main market for listed securities of London Stock Exchange. TMTA will pursue opportunities to acquire businesses in the technology, media and telecom sector and intends to consider opportunities within the TMT sector focusing on disruptive digitally enabled media and technology businesses with an initial focus in the financial services and other regulated sectors.
  • McKay Securities (MCKS) has acquired Evergreen Studios, a fully refurbished office asset in central Richmond, for £14.75m, representing a net initial yield of 5.8%. The 17,325 sq ft property was sourced off-market from Sheen Lane Developments, which has taken a two-year leaseback of the property. The entire building has been refurbished to a high standard, incorporating wellness focused amenities to meet post-covid workplace trends, including high-quality air conditioning, access to outside space via rooftop terraces, private kitchens, car and cycle parking and shower facilities. The building also includes a range of energy saving measures, including LED lighting and double glazing, and has an EPC rating of B. On completion of the sale, Sheen Lane Developments has entered into a two-year lease of the whole building, at a rent payable from commencement of £0.92m per annum (£53.00 per sq ft). A marketing campaign to sub-let on a floor-by-floor basis is underway, with the ground floor already let.

We also have a change in manager at Gresham House Strategic. proposed IPOs from Pantheon Infrastructure and Harmony Energy Income, and a response to short-seller allegations by Civitas Social Housing.

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