Target buys Nottingham care home – Target Healthcare has completed the acquisition of a property in the city of Nottingham for approximately £7.6 million, including transaction costs, through a sale and leaseback. Constructed in 2013, Acorn House comprises 64 bedrooms, each with full en suite wetroom facilities, over three floors. It is close to the centre […]
Symphony’s MINT sells three hotels – Symphony International Holdings says that Minor International Pcl (“MINT”), Symphony’s largest investment, has entered into agreements to sell and leaseback three hotel properties in Lisbon, Portugal to Invesco Real Estate. The gross selling price for the properties is €313 million. The deal has generated a €62 million gain for MINT. […]
Syncona sells Blue Earth Diagnostics to Bracco Imaging – Syncona has reached an agreement to sell Blue Earth Diagnostics to Bracco Imaging, a global leader in diagnostic imaging for $450 million (GBP354.3 million) plus closing adjustment estimated at $25 million (GBP19.7 million). The sale delivers a 10.0x multiple, including prior distributions, on invested capital for Syncona […]
Standard Life Investments Property Income re-lets Bourne House – At Bourne House in Staines (a 26,300sqft office) the company took a surrender of the lease on the whole from the existing tenant, Ricoh, which had indicated it wanted to downsize, and which had a break in 2021. Simultaneously the property has been re-let on a new […]
New co-manager at Henderson Far East Income – The board of Henderson Far East Income has announced that Sat Duhra will step up to be the co-fund manager on the trust, alongside Mike Kerley (the longstanding manager of the fund). This is happening with immediate effect. Sat and Mike have worked together for the last eight […]
QuotedData feedback on Harbourvest Private Equity meeting From time-to-time, QuotedData’s analysts meet a wide range of companies that aren’t clients for our sponsored research service. We figured it made sense to share some of our thoughts on these companies with you. So, in the first of a series of ad hoc reports, here are some […]
In QuotedData’s other news 21 June 2019 – Adamas Finance Asia will quote its shares in sterling rather than dollars with effect from 24 June. Its board believe that this will make its shares more accessible for UK investors by eliminating their need to consider the prevailing exchange rate between US Dollars and Pounds Sterling when […]
Marwyn NAV leaps on BCA Marketplace bid – BCA Marketplace announced yesterday that its board was aware of media speculation in relation to the company and confirmed that it was in advanced discussions with TDR Capital LLP regarding a possible all cash offer for the company. The board of BCA had received a proposal from investment funds […]
Adamas completed its transformation in 2018 – Adamas Finance Asia, which adopted a new investment strategy in 2017 of investing in income-generating pan-Asian small and medium-sized enterprises, has published results covering the year ended 31 December 2018. Initial progress on transitioning to the new portfolio was slow as it took time to sell-off legacy investments. Over 2018: […]
In QuotedData’s other news 20 June 2019 Pershing Square has announced a $100m share buy-back programme – up to 6m shares will be repurchased and the transactions are expected to enhance NAV (in other words they’ll buy back the shares at a discount to NAV). The NAV at 18 June was $24.63 and the share price […]
