Town Centre sees assets and profits drop – Town Centre Securities reports that, for the year ended 30 June 2019, its EPRA NAV fell by 7.8% to 354p on the back of a 3.8% fall in the value of its portfolio. Despite a 2.6% increase in like-for-like rents, EPRA profit before tax fell by 7.9% […]
In QuotedData’s other news 24 September 2019 Starwood European Loan Finance has lent a developer £56.8m for two years. The money will be used to complete a residential development in London. Also the final €15m lent to a European industrial portfolio has been repaid. This leaves SWEF with net cash of £5.5m against unfunded commitments of […]
Shires Income cuts debt costs – Shires Income has entered into a new GBP20 million loan facility agreement with Scotiabank Europe PLC. The new facility is for a three year period to 20 September 2022 and extends the company’s previous GBP20 million loan facility agreement with Scotiabank Europe PLC which was due to mature on 30 […]
Target Healthcare hit by loss of tenant – Target Healthcare REIT has received notice from one of its tenants, Orchard Care Homes, which operates six homes in the Target portfolio, of its intention to exit these six leasehold homes as part of a wider business restructuring. Target says that it is continually preparing for such contingencies […]
In QuotedData’s other news 23 September 2019 Urban Logistics REIT has bought six parcel distribution depots from Connect Group for £9.9m, a 7.0% net initial yield. Plus two DHL warehouse facilities in Sittingbourne and Thatcham bought for £5.3m and a 5.9% yield. Hipgnosis Songs Fund has applied to be listed on the Premium Segment of the […]
CQS New City High Yield adjusts fee calculation – alongside a minor rejig of its management arrangements (see below), CQS New City High Yield has introduced a third, lower tier to the calculation of its management fee. The investment management contract has moved from CQS Cayman Limited to CQS (UK) LLP Lmited. The same individuals […]
Impact Healthcare REIT buys Nailsea care home – Impact Healthcare REIT has exchanged contracts to acquire Argentum Lodge Care Home for a net consideration of GBP6.95 million. The initial rent will be GBP467,000. Argentum Lodge is a purpose-built nursing home located in the village of Nailsea, approximately 10 miles to the south west of Bristol. Impact […]
Reasonable start for Ashoka India – Ashoka India Equity has announced its first set of results, covering the period from its listing until 30 June 2019. Over that period, it delivered a return on NAV of 11.0%, ahead of its benchmark, the MSCI India IMI Index, which returned 10.1%. However, the NAV return [which is […]
In QuotedData’s other news 19 September 2019 Real Estate Credit Investments is placing new stock at 167p – a discount of 0.6% to the closing share price on 18 September 2019 and a premium of 1.8% to the NAV as at 31 August 2019. plus results from Bluefield Solar and UK Commercial Property REIT, deals by Standard Life […]
Special dividend boosts Bluefield Solar – after delivering a good set of results for the year ended 30 June 2019, Bluefield Solar has decided to pay an extra 0.63p per share to investors, on top of the target 7.68p. The target for the current financial year is 7.9p (reflecting UK inflation of 2.88%). Over the […]
