Amazing year for Baillie Gifford US Growth – Baillie Gifford US Growth Trust has published results for the year ended 31 May 2020. It was a great period for the trust as it returned 46.5% in share price terms and 44.2% in NAV terms against a 15% return for the S&P500. The managers made eight additional unlisted […]
In QuotedData’s morning briefing 3 September 2020: Ashoka India provides an annual redemption facility to its shareholders. This year, just 367,616 shares (0.54% of the issued share capital) were requested to be redeemed. Tritax Big Box REIT has completed its sale of an asset in Chesterfield for £57.3m. The buyer was Warehouse REIT (see separate story). […]
Warehouse REIT spends £82m – Warehouse REIT has completed the acquisition of two single-let warehouse assets located in the East Midlands and Cheshire, occupied by Amazon and Wincanton respectively. The assets have been purchased in two separate transactions for a total consideration of £82 million, reflecting a blended net initial yield of 5.4% and provide a […]
Greencoat UK Wind launches fundraise – with the recent Walney deal having pushed up its borrowing, Greencoat UK Wind is launching a new share issuance programme and is kicking that off with a placing and offer for subscription. Under the share issuance programme, the company may issue up to a maximum of 750 million new […]
Greencoat UK Wind invests in Cumbrian offshore wind farm – Greencoat UK Wind has agreed to acquire SSE’s 25.1% interest in the Walney I and II offshore wind farms for a headline consideration of £350m. Walney is located approximately 9 miles off the Cumbrian coast and has a capacity of 367.2MW. Walney was constructed by Orsted […]
In QuotedData’s morning briefing 1 September 2020: CIP Merchant Capital has sold its interest in Circassia Group, a specialty biopharmaceutical company focused on respiratory diseases and quoted on AIM, for approximately £3.9m, resulting in a net profit of £1.1m. Circassia is the first investment that CIP Merchant Capital has sold. It made a 1.4 times cash on […]
Urban Logistics back for more money – In March 2020 Urban Logistics REIT completed a £136m equity raise, followed by arranging a £151m debt facility (at a reduced all in cost of c.2.66%) replacing the £76m facility previously in place. Since March 2020, Urban Logistics has completed nine acquisitions for a total consideration of £145.7m (6.0% […]
Hipgnosis buys catalogue from Nikki Sixx – Hipgnosis Songs Fund has bought the music catalogue of musician, songwriter and producer Nikki Sixx, best known as the founding member, bassist, and lead songwriter of Mötley Crüe. With Mötley Crüe, Nikki Sixx has sold more than 100 million albums worldwide as well as achieving seven platinum or multi-platinum […]
GCP Student Living fee cut Gravis Capital Management has agreed to a reduction on the amount it charges GCP Student Living – from 1% of NAV to 0.75% on the first £950m of assets, plus 0.6375% on amounts between £950m and £1.5bn and 0.5625% on amounts over £1.5bn. That is quite a big drop in […]
New issue – Triple Point Energy Efficiency – Triple Point Energy Efficiency Infrastructure Company plc will, if it raises enough money, be a closed-ended investment company established to invest in a diverse portfolio of energy efficiency assets in the United Kingdom. It plans to seek admission to trading on the Specialist Fund Segment of the Main […]
