Triple Point report busy first six months – The managers of the social housing REIT, Triple Point Social Housing (SOHO) have not been resting on their laurels. They have acquired 116 properties (828 units) with average property value of £1.2 m and an aggregate purchase price of £131.8 m (including costs). The geographic split of the properties is […]
Law Debenture beats its benchmark and raises its dividend – In its final report for the year to 31st December 2017, Law Debenture (LWDB) reported that total return of the NAV was 16.6%, while the benchmark, the FTSE All Share Index returned was 13.1%. The UK remained the central focus of the portfolio, although the fund is […]
Global Resources IT completes its write-up of its Kalia holding – On 26 February 2018, Kalia Limited announced that, subject to shareholder approval, it had agreed to acquire Global Resources Investment Trust (GRIT)‘s interest in Kalia Holdings Pty Ltd, thereby consolidating the non-landowner interests in Bougainville Exploration Licences in Papua New Guinea. This followed the […]
Standard Life UK Smaller Companies Trust changes its reference benchmark – In the company’s half year statement published at the end of February 2018, it was announced that, with effect from 1st January 2018, the performance of SLS will be measured against the Numis Smaller Companies plus AIM (ex Investment Companies) index. The previous index had […]
Derwent London delivers a strong set of results – Derwent London (DLN), the REIT focused on central London offices with a particular focus on the West End and City fringes, released its final results to 31st December 2017 Highlights EPRA net asset value per share increased 4.6% to 3,716p from 3,551p and a 3.7% increase from […]
Rights and Issues Investment Trust’s final results – The portfolio of Rights and Issues Investment Trust (RIII) fully participated in the strong equity market of 2017 with the net asset value of the Income shares rising by 18.5% to 2372.3p. By comparison, the UK smaller company market, in which the company is mostly invested performed well […]
2017 was another strong year for BlackRock World Mining Trust (BRWM) – After a remarkable 2016 for global mining and commodity sectors, BlackRock World Mining Trust‘s undiluted NAV and share price rose in 2017 by 24.0% and 24.2% respectively in sterling terms with income reinvested. By comparison, the Euromoney global mining index rose by 20.8% […]
Henderson Alternative Strategies adopts lower fee structure – The Board of Henderson Alternative Strategies Trust (HAST) as agreed with the managers of the fund Henderson Investment Funds Limited a new fee strategy that is lower than the previous level. Currently, the management fee is charged at a rate of 0.70% per annum. With effect from 1 April […]
Hammerson reports well positioned portfolio and leasing driving performance – British property development and investment company Hammerson plc (HMSO) has reported that it has a 98.3% occupancy rate, which is a 17-year high. The achieved level of lettings in 2017 was the highest in the REIT‘s* 75 year history. This activity contributed to a 6.5% uplift in Earnings Per […]
Hg completes acquisition of Italian online hosting provider DADA – Hg (HGT) is a private equity firm targeting middle-market buyouts primarily in Europe. Hg focuses on investments in technology, services and industrial technology sectors. Hg has completed its investment in DADA S.p.A (DADA), a leading provider of online hosting services to SMEs in Italy, the UK and […]
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