Phoenix Spree discusses Berlin rent controls – Phoenix Spree Deutschland, the UK listed investment company specialising in Berlin residential real estate, has updated on proposed rent controls in the German capital. The proposed new Berlin State rent controls continue to create significant uncertainty which has negatively impacted the company share price, resulting in a valuation discount […]
Derwent London sells Clerkenwell office – Derwent London has sold a central London office building for £103m and reports strong half year results. It has exchanged contracts to sell The Buckley Building, in Clerkenwell, London for £103m. The 85,100 sq ft office building, which produces annual income of £4.87m, has been sold to to CBRE Global Investors at a […]
In QuotedData’s other news 8 August 2019 Assura has raised £107m of debt through the issue of private placement notes with maturities in 10 and 15 years – £47m issued now and £60m on 25 October – with a weighted average interest rate of 2.3%. Discount-driven investor, City of London, now has a 5% stake […]
NextEnergy Solar invests in Northern Ireland – as part of a wider updates on its operations, Next Energy Solar Fund has announced the acquisition of an 8MWp solar farm in Northern Ireland for £8.5m. Ballygarvey is an 8MWp solar plant located in Northern Ireland, connected to the grid in March 2018. The plant receives subsidies […]
Pantheon powers ahead – over the year ended 31 May 2019, Pantheon International generated an NAV return of 14.7% and a share price return of 10.7% against a backdrop of flat/falling markets – the MSCI World Index returned 2.5%, a UK index returned -3.2%. Weak sterling contributed to the result. Highlights: Assets in the portfolio […]
Hipgnosis buys Benny Blanco catalogue – Hipgnosis Songs Fund Limited has acquired a music catalogue from Benny Blanco and is looking to increase its borrowing facilities. Changes to borrowing limits The Hipgnosis board believes that it is appropriate to adopt a new borrowing policy under which the company may borrow up to a maximum of 40% […]
Cambria Africa’s Paynet Zimbabwe is getting litigious – rather than running the risk of misreporting this, we reproduce the announcement from Cambria Africa in full: “Further to the announcement of 4 July, the Company confirms that its legal representatives Titan Law, served summons on the Bankers Association of Zimbabwe (BAZ) on behalf of Paynet Zimbabwe […]
In QuotedData’s other news 7 August 2019 – Hansa Trust will be kicked out of UK indices on liquidity grounds (free float too small) when it redomiciles to Bermuda, putting some selling pressure on the stock. Effective date 29 August 2019. FastForward may have to sell its stake in Cryptologic after that company said it would […]
Aquila buys Finnish wind farm – Aquila European Renewables Income Fund has announced the planned acquisition of its fourth investment since its IPO in May 2019. The company has secured the exclusive right to acquire Aalto Wind No 2 Ltd Oy, the holding entity for a Finnish wind farm, for later this year by entering into a […]
In QuotedData’s other news 6 August 2019 – VPC Speciliaty Lending says that it has put in place an amended funding arrangement with Oakam, a UK-based digital micro-lender. Oakam got itself into trouble and was placed in administration. It came out of administration at the end of June and received a £6m cash injection from its […]
