Regional REIT buys Cardiff office – Regional REIT has completed the acquisition of a modern Grade A flagship office building in Cardiff for £8.4m.The four-floor, 61,641 sq. ft. building is set in a 6.0 acre site with some 200 dedicated car parking spaces and is located in Global Reach, Cardiff. They say that it benefits from […]
ICG Longbow headed for the exit – ICG-Longbow Senior Secured UK Property Debt Investments’ board has decided to recommend to shareholders that the investment objective and policy of the company are amended so that it can pursue a strategy of orderly realisation and the return of capital over time to shareholders. The board says that “the […]
In QuotedData’s morning briefing 3 November 2020 Finally, Waterfall has made its offer to investors in Alternative Credit Investments (ex P2P/Pollen Street Secured Lending). The bid is at 870p per share in cash plus a 12p dividend. It values the fund at £639.2m. This is a 6.3% discount to NAV. The bid is recommended by ACI’s […]
When Riverstone Energy launched, it had a performance-driven discontinuation vote built into the structure. This would be triggered if, on 29 October 2020: the trading price for the shares had not met or exceeded £14.70 at any time since the initial admission to listing on 29 October 2013; and the company had not generated a […]
New IPO from Downing Renewables and Infrastructure Downing Renewables & Infrastructure Trust has published an intention to float announcement. It is looking to raise up to £200m via a placing, an offer for subscription and an intermediaries offer of new shares at 100p each. The sponsor, financial adviser and sole bookrunner is N+1 Singer. The trust will […]
We received news on Monday that the planned launch of Buffetology Smaller Companies Investment Trust would not proceed. The statement simply said that overall demand had not been sufficient to meet the minimum gross proceeds. This failure to launch follows hot on the heels of similar news from Tellworth British Recovery & Growth, that we […]
QuotedData’s weekly news show 30 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: a crossroads for UK Mortgages an unwelcome tender offer for shares in Alternative Income REIT Augmentum raising £28m […]
Octopus Renewables Buys French wind project – Octopus Renewables Infrastructure Trust has completed the acquisition of a 100% interest in the Cerisou wind farm, a construction-ready onshore wind project in the Vienne department of France. The project has been acquired from RES SAS, part of the RES Group, a leading worldwide developer, constructor and manager of […]
Supermarket Income buys Sainsbury’s in Newcastle – Supermarket Income REIT has bought a Sainsbury’s supermarket in Heaton, Newcastle upon Tyne, from the National Farmers Union for £53.1m, reflecting a combined net initial yield of 4.1%. The 11-acre site was originally developed in the 1980s and completely rebuilt in 2011. There is a 68,000 sq ft net sales area […]
In QuotedData’s morning briefing 29 October 2020: Henderson International Income, managed by Ben Lofthouse, reported a -3% return on NAV and -5.2% return to shareholders for the year ending 31 August 2020. Both some way behind the trust’s MSCI World (ex UK) Index, which returned +8.1%. The board notes though that higher yielding shares within the index […]
