Literacy Capital (BOOK) is pleased to announce that it has sold an unspecified asset in full, generating a strong return for shareholders and a substantial amount of cash, which will ultimately fund future investments. The company highlighted that this was one of its largest assets, which was sold at a >50% premium to carrying value. The company also announced a quarterly update which saw a £7.6m uplift to its 31 March 2023 carrying value, increasing NAV per share by 2.6%.
HydrogenOne Capital Growth (HGEN) has announced that its results for the six months ended 30 June 2023 will be released on Wednesday, 20 September 2023.
Jade Road (JADE) announced the results of its recent equity raise with a total of 36,866,667 new ordinary shares being placed with investors raising gross proceeds of £829,500.
Following an appeal, Big Yellow (BYG) has obtained planning consent for a 132,000 sq ft self storage centre and 114 flats on its site in Wapping, London. It expects that this new store will deliver an approximately 9% net operating income return on the £56m of total capital deployed, including the estimated £36m to be spent on construction. Demolition of the existing buildings on the self storage site will commence shortly, and when construction of the new store is completed the existing temporary store (31,000 sq ft) will be closed and the customers transferred.
