LXi announces clutch of deals including supported living sale – LXi REIT has exchanged contracts to provide forward funding for the pre-let development of a Travelodge hotel at Gosport in Hampshire for GBP6.6 million, reflecting a 5.7% net initial yield. The 70 bedroom hotel has been fully pre-let to Travelodge Hotels Limited, the principal trading company of […]
Henderson Opportunities caught by growth sell off – Henderson Opportunities reports a -5.6% NAV return for the year to 31 October 2018. That was 4.1% behind its benchmark and 3.0% behind its chosen peer group. The discount was unchanged (16.1%) and the share price return was -5.3%. The dividend was upped from 20p to 21p. The […]
Tritax Big Box dives as it announces dilutive share issue – Tritax Big Box REIT has conditionally agreed to acquire an 87 per cent. economic interest in db Symmetry, which owns one of the UK’s largest strategic land portfolios for the development of Big Box real estate assets and related logistics facilities. Created in 1996, db […]
Primary Health and MedicX to merge – The boards of Primary Healthcare Properties (PHP) and MedicX Fund have reached agreement on the terms of a recommended all-share merger between MedicX and PHP, which is intended to be structured as PHP acquiring the entire issued and to be issued share capital of MedicX. Under the terms of […]
Augmentum Fintech takes iwoca stake – Augmentum Fintech has made an investment of GBP7.5 million in iwoca, which Augmentum describes as a challenger SME lender. The new equity will allow iwoca to fund balance sheet expansion and accelerate growth. iwoca (www.iwoca.co.uk) aims to provide fast, flexible source of business finance for all UK and continental European businesses (examples it […]
Chenavari Capital Solutions hit by discount widening – Chenavari Capital Solutions Limited has published its annual report covering the year to the end of September 2018. The highlights are: A net asset value total return of 1.94% (dividends reinvested) (2017: 5.71%). The NAV declined from 92.91 pence at 30 September 2017 to 89.37 pence at 30 […]
Fee cut at Troy Income and Growth – The board of Troy Income & Growth Trust has announced a reduction in the annual management fee payable to Troy Asset Management Limited, the fund’s investment manager. With effect from 1 January 2019, the company has moved to a flat annual management fee of 0.65% of net assets. […]
Residential Secure Income partners with Morgan Sindall – Residential Secure Income’s manager has entered into a new Housing Investment Partnership (HIP) agreement with Morgan Sindall Investments Limited. The agreement aims to increase the supply of shared ownership homes, enabling more first time buyers in the UK to establish themselves on the housing ladder. The agreement creates […]
CATCo Reinsurance manager ousts CEO – with immediate effect, Anthony Belisle, chief executive officer, and Alissa Fredricks, chief executive officer – Bermuda, are no longer with Markel CATCo (CATCo Reinsurance’s manager) as a consequence of their violation of Markel policies relating to an undisclosed personal relationship. With effect from 18 January 2019, management and oversight […]
JPMorgan Russian beats its benchmark – over the year to 31 October 2018, JPMorgan Russian Securities outperformed its benchmark, the RTS Index, by 1.5%, with a total return on net assets of 12.1%. However, the discount widened and that meant that the return to shareholders was 6.9%. As at 31st October 2018 the discount was […]
