In QuotedData’s morning briefing 10 October 2023:
- Cordiant Digital Infrastructure Limited (CORD) announced that the acquisition of Speed Fibre DAC has been cleared under the United Kingdom’s National Security and Investment Act 2021. This clearance was required because an element of Speed Fibre’s network extends into Northern Ireland. Speed Fibre is Ireland’s leading open access fibre infrastructure provider with 5,400 kilometres of owned and leased fibre and wireless backhaul across the country. Speed Fibre provides dark fibre, wavelength and ethernet services to a mix of carriers, internet service providers, corporate customers and the government.
- GCP Infrastructure Investments (GCP) announced the appointment of RBC Capital Markets as the company’s joint corporate broker to work alongside Stifel Nicolaus Europe Limited with immediate effect. RBC’s appointment is the result of a process that has been run by the company since early 2023 to identify and appoint a party to further support the delivery of the company’s strategy.
- Warehouse REIT (WHR) has sold two assets for £9.5m, together 30% ahead of the 31 March 2023 book value, reflecting an average net initial yield of 6%. These transactions bring total sales since 1 April 2023 to £39.6m, and £94.3m over the last 12 months. Proceeds from the sales will be used to pay down debt. The disposals comprise warehouses in Carisbrooke on the Isle of Wight, for £3.1m, and on Newport Road, Cardiff for £6.4m. Following these transactions, as at 30 September 2023, the company has net debt of £276.0m and an LTV of 35% based on the 31 March 2023 valuation.
We also have annual updates from Target Healthcare REIT, European Smaller Companies Trust, and PRS REIT, and an update from HydrogenOne.