Vinaland sells Green Park Estate, Vietnam Opportunity Fund sells alongside. VNL will return cash to shareholders VinaLand Limited is selling its stake in the Green Park Estate project, located in Ho Chi Minh City, Vietnam. The project consists of a total land area of approximately 15.7ha and was acquired by VNL in 2007, with the […]
Aberdeen Standard European Logistics buys Dutch warehouses in Zeewolde and Waddinxveen, revises gearing target Zeewolde Aberdeen Standard European Logistics has exchanged contracts to acquire a newly built pre-let warehouse in Zeewolde, the Netherlands, for a purchase price of EUR29.25 million providing a net initial yield of 5.0%. The agreement with developer Borghese, a developer of logistics, […]
ECJ ruling hits battery storage funds – Gore Street Energy Storage and Gresham House Energy Storage comment on ruling The European Court of Justice (ECJ) has ruled that the UK’s capacity market mechanism (which enables generators and battery projects to bid for contracts to provide back-up power to the grid during times of peak demand) […]
Woodford Patient Capital updates on three investments – has released some news on Immunocore, Mission Therapeutics and Spin Memory. Immunocore Immunocore has entered into a new partnership with Genentech, part of the Roche Group, to expand an existing discovery collaboration. As part of the agreement, Genentech will pay Immunocore $100 million in upfront and near-term […]
British Empire focuses on extracting value from portfolio – British Empire says that, for the year ended 30 September 2018, it generated a net asset value total return of 10.0%, 4.8 percentage points higher than the return of the benchmark, the MSCI All Country World ex-US Index.The total dividend for the year will be 13p, up […]
Hugh Young to be named manager of Aberdeen Asian Smaller (which will also change its name) – Aberdeen Asian Smaller Companies reports that, over the year to 31 July 2018, its net asset value rose by 4.6% in sterling total return terms, underperforming its benchmark by 2%. The underperformance happened in the first half of the […]
Regulator verdict on Trinity Housing – Following on from our story of 3 October, The Regulator for Social Housing has passed a regulatory judgement on Trinity Housing Association. Its conclusion on governance and viability is: G3 (Non-compliant) The provider does not meet our governance requirements. There are issues of serious regulatory concern and in agreement […]
Henderson Far East Income reports on flat year – Henderson Far East Income says that, for the year ended 31 August 2018, its net asset value total return was 1.5% and share price total return -0.6%. These compare to a return of zero on the MSCI AC Asia Pacific ex Japan High Dividend Yield Index and 2.4% for the […]
Edinburgh Dragon offers 30% tender offer – Edinburgh Dragon Trust has released its results or the year ended 31 August 2018. The trust’s NAV total return for the year came in a whisker ahead of the return on its benchmark (2.3% versus 2.2%). The shares did a bit better, returning 3.4% as the discount narrowed a little. […]
Aberdeen Standard European Logistics buys Dutch warehouse – Aberdeen Standard European Logistics has exchanged contracts to acquire a new development in Oss, the Netherlands, for a purchase price of €15.7m, providing a net yield of 5.3%. The agreement with developer Heembouw Breda B.V is structured as a forward funding deal with a 5.5% coupon rate. The development […]
