PRS REIT to be fully invested by 2019 – The PRS REIT has published its first set of results, covering the 13 months from commencement of trading on 31 May 2017 to 30 June 2018. Financial highlights Total revenue of £1.8m, generated from rental income, with net rental income of £1.5m Operating profit of £2.7m Profit after […]
SVM UK Emerging to pay fees – Given its size, SVM UK Emerging Fund‘s manager has waived its right to management fees on the fund since 2004. However, this is about to change. SVM Asset Management is entitled to a fee for providing investment management and secretarial services to the fund. This is payable quarterly in arrears at […]
Warehouse REIT gets planning for Glasgow site – Warehouse REIT has secured planning permission for change of use on 16 acres of its land at the Queenslie Park industrial estate in Glasgow. The proposed development will deliver up to 250,000 sq ft of employment-led space, comprising a combination of distribution/logistics, industrial, commercial, storage, retail and hospitality space. […]
CQS New City High Yield steady in face of Brexit worries – CQS New City High Yield Fund reports that its net asset value total return was 5.82% for the year ended 30 June 2018. The share price total return for the same period was 5.50%, and the premium to net asset value stood at 7.1% at […]
Gabelli Merger Plus yet to shine – The Gabelli Merger Plus+ Trust has published its first annual report, covering the period from its listing on 19 July 2017 to 30 June 2018. Over this period the fund generated a return on NAV of 2.78%, ahead of the return on 3-month treasury bills (which it uses as a […]
Henderson Eurotrust prepares for Tim Stevenson’s retirement – Henderson EuroTrust has published its results for the year ended 31 July 2018. The net asset value total return was 6.8% compared to a total return from the benchmark index, the Europe (ex UK) Index, of 5.8%. The dividend is being hiked by 22% – to 30.5p from 25p. The […]
Vietnam Holding reports on year of transition – Vietnam Holding reports that its NAV increased by 6.6% over the year to the end of June 2018, compared to a full year total return of 17.2% for the Vietnam All Share Index. The manager says the underperformance can be explained partly by the widening performance gap between large-cap stocks […]
UK Commercial Property REIT sells Soho office – UK Commercial Property REIT Limited has completed the off-market sale of 15 Great Marlborough Street, an office asset in London’s Soho, to Royal London Asset Management for GBP73.2 million, ahead of the last valuation as at 30 June 2018. The 49,094 sq ft freehold office building, which is arranged […]
Alpha Real Trust gets positive planning decision on Monk Bridge – Alpha Real Trust has announced that a further planning consent has been granted at the monthly planning committee for Leeds City Council in respect of the Company’s Private Rented Sector (“PRS”) development site at Monk Bridge in central Leeds. Detailed planning consent was originally granted in May […]
Triple Point buys ten more supported housing properties – Triple Point Social Housing REIT has completed the acquisition of ten supported housing properties and exchanged contracts on three further supported housing properties, comprising 51 units in total, for an aggregate commitment of GBP7.9 million (excluding costs). The properties are located in the North West (3 units), the […]
