Register Log-in Investor Type

News

QuotedData’s morning briefing 17 February 2022

In QuotedData’s morning briefing 17 February 2022:

  • NextEnergy Solar (NESF) continues the recent trend of NAV uplifts in the renewable energy sector with a 1.3p increase in its NAV over the three months ended 31 December 2021. The update that accompanies this announcement promises that more battery projects (developed in conjunction with Eelpower) will be announced shortly. Power generation for the quarter was 0.4% above budget. The NAV move was driven by changes to inflation assumptions (+0.8p per ordinary share), power purchase agreements uplift (+0.6p per ordinary share) and an increase in power price forecast assumptions (+0.2p per ordinary share). Long term power prices (beyond 2027) and inflation assumptions have both been revised downwards, however.
  • Impact Healthcare REIT (IHR) has raised £40m from investors and will issue 35,087,720 new ordinary shares at a price of 114p. Rupert Barclay, chairman, said: “The proceeds raised will assist us in funding in short order a significant proportion of our near-term attractive investment pipeline of standing assets, forward fundings, and asset management capex commitments, which we expect to deliver further attractive inflation-protected income and capital growth for our shareholders.”
  • CLS Holdings has exchanged contracts to acquire a 9,168 sqm / 98,684 sq. ft office building in Dusseldorf for €25m (€2,724 per sqm). Kanzlerstraße 8 is situated in a well-connected and growing submarket in Dusseldorf. The overground station, Dusseldorf Rath, and the underground station, Rather Waldstadion, are both within 400m of the asset. The airport can be reached within 10 minutes by car and the central station in 16 minutes by overground. Dusseldorf is one of the main political, economic, and cultural centre of the Rhine-Ruhr region with a population of about 11m and one of the “Top 7” office markets. The property is currently occupied by three tenants including the anchor tenant Amevida (c. 70% by space), Kinderparadies, and ConSol with a WAULT of c. 8 years. CLS plans to let remaining vacant space, enhance the carpark and ESG credentials, and manage the future lease breaks. The property currently has a net initial yield of 5.1% and a reversionary yield of 5.7%.The acquisition is expected to complete in April 2022.

We also have results from Riverstone Credit and Polar Capital Global Financials, plus an update from Schroder BSC Social Impact and acquisitions by RTW Venture

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…