In QuotedData’s morning briefing 10 August 2023:
- Derwent London (DLN) says that it has signed new leases totalling £7.0m since 30 June 2023. Activity includes Moelis & Company pre-letting c.50,000 sq ft at 25 Baker Street for a term of 15 years, with a tenant break option at year 10 – the commercial element of the scheme is now 76% pre-let/pre-sold; and a tech company leasing c.14,000 sq ft at The Featherstone Building for a term of 10 years, with a tenant break at year 5 – the building is now 70% leased. This takes letting activity in the year to date to £26.3m.
- Despite the uncertainty about its profitability and its future, ThomasLloyd Energy Impact (TLEI) is paying a 0.44 cent dividend from its distributable reserves.
- JPMorgan Global Core Real Assets (JARA) is to start buying back its shares. Last night, the shares were trading on a 24% discount and the board wants to tackle that. The trust says 17% of its assets are liquid (including cash), this can be used to fund share repurchases. There is no indication of how big the buyback will be or at what level.
We also have results from Baillie Gifford US Growth, a new investment for Oakley Capital Investments and an acquisition by Capital & Regional