Hipgnosis buys catalogue from Giorgio Tuinfort – Hipgnosis Songs Fund Limited has bought a music catalogue from Giorgio Tuinfort. In addition to winning multiple Grammy Awards, Giorgio Tuinfort has written 23 number 1 singles and has won the prestigious BMI Songwriter Award an unprecedented 30 times. The company has acquired 100% of Giorgio Tuinfort’s interest in […]
PRS REIT buys nine more sites – The PRS REIT has signed contracts over nine additional sites. One site is a newly-completed development of homes that has been acquired from Sigma PRS Management Limited, the investment adviser, and seven are development sites, with construction already underway at some sites. The remaining site has been bought under […]
Marwyn to return £5m with bookbuild – Marwyn Asset Management Limited, manager of Marwyn Value Investors, is making a partial offer to buy ordinary shares for cash by way of a reverse bookbuild process. Qualifying shareholders (those not located in places such as the US – see list below) should contact Liberum to make their offers […]
Third Point Offshore restructures to cut fees – Third Point Offshore Investors has announced that, as of January 1, 2019, it will switch its entire portfolio into a newly-created share class of the underlying Master Fund managed by Dan Loeb and his team. The new share class will be subject to a 25% quarterly redemption gate. […]
Hansteen sells portfolio to Stenprop – Stenprop has acquired a portfolio of multi-let industrial properties from Hansteen for £72.2m (including acquisition costs of £4.3m). The portfolio is made up of 22 separate properties across the UK with a gross lettable area of approximately 1.16 million square feet (107,749 sq m) and a diversified base of approximately […]
Will Landers steps down at BlackRock Latin – BlackRock Latin American Investment Trust’s board says it has been informed that Will Landers, the trust’s portfolio manager, has notified BlackRock of his intention to leave the firm on 17 March 2019, and that two analysts based in Sao Paulo will also be leaving. The board says it […]
UK Commercial Property buys warehouse portfolio – UK Commercial Property REIT has bought a portfolio of five distribution warehouses in locations across the Midlands from Clipstone Logistics REIT for a headline price of GBP85.4million, reflecting a headline net initial yield of 5.5%. The acquisition has been funded from existing cash resources. The portfolio totals 909,030 sq […]
Tritax funds new Durham logistics facility – Tritax Big Box REIT has completed contracts for the forward funded development of a new logistics fulfilment centre at Integra 61, near Durham, pre-let to a “financially robust world leading retailer” [Amazon?]. The price represents a maximum commitment of GBP147.3 million, reflecting a net initial yield of 5.25% (net […]
HgCapital invests in Combell – Hg, the manager of HgCapital Trust plc, has agreed to invest in Combell Group, a leader in mass hosting services for SMEs across Europe. The transaction is subject to regulatory approval and so will close in the New Year. The terms of the investment are not disclosed. HgCapital Trust plc will […]
Caledonia buys Stonehage Fleming stake – Caledonia Investments plc has agreed terms to acquire a minority stake in Stonehage Fleming Family & Partners Ltd, one of the world’s leading independently owned family offices. Stonehage Fleming was formed in 2015 and is the largest family office in EMEA and the second largest non-bank provider of family office […]
