Oakley Capital selling Damovo – Oakley Capital Investments Limited says that Oakley Capital Private Equity II has reached an agreement to sell its stake in Damovo Group, a leading independent European unified communications and collaboration company, to Eli Global. The transaction, which is subject to regulatory approval, values Damovo at up to EUR140 million, comprising an […]
Standard Life Investments Property Income makes three acquisitions – Standard Life Investments Property Income Trust has completed three purchases for a total of GBP32.48m. The largest of the three assets is a Tier 3 Data Centre in Birmingham, let to a major operator for a term of 20 years, subject to a tenant only lease break […]
UK Commercial Property REIT swaps Bristol office for Reading – UK Commercial Property REIT has bought the White Building, a multi-let office asset on King’s Road in Reading and sold 1 Rivergate, an office building on Temple Quay in Bristol city centre. The White Building The White Building was acquired from Boultbee Brooks Real Estate […]
Workspace sells Marshgate Business Centre – Workspace Group has exchanged contracts for the disposal of a mixed-use redevelopment of Marshgate Business Centre in Stratford, E15. The redevelopment, comprising 200 residential units, has been sold for GBP15m in cash and the return of a new 33,000 sq. ft. business centre. The sale price is in line […]
Empiric Student Property on track to cover dividend in 2019 – Empiric Student Property has published update on trading ahead of the Company’s half year results for the six months ended 30 June 2018 (which will be announced on Tuesday, 21 August 2018). They says that they continue to make good progress on delivering financial and […]
Invesco Income Growth is a new dividend hero – Invesco Income Growth says that its total return on net asset value for the year to 31 March 2018 was -3.9%, compared with an equivalent All-Share Index return of +1.2%. The Income Growth sector has been out of favour with investors, so that discounts in the sector have widened, […]
TwentyFour Income says not enough opportunity to justify expanding the fund – TwentyFour Income Fund Limited says that, for the year ended 31 March 2018, its NAV per share rose 10.35% (including dividends). They declared three interim dividends of 1.5p and a final of 2.73p. The share price edged up to 119.5p from 119.25p, finishing […]
Alcentra favouring Europe – Alcentra European Floating Rate Income Fund‘s results for the year ended 31 March 2018 show that it delivered an NAV uplift from 104.14p as at 31 March 2017 to 104.55p as at 31 March 2018. Including dividends, the fund delivered an NAV total return of 5.0% and a share price total return of 0.9%. The company […]
Investment Trust Insider on Hadrian’s Wall Secured Lending James Carthew: Can Hadrian’s Wall take on Funding Circle? Funding Circle SME Income Fund (FCIF)’s premium has taken a bit of a knock after its board indicated that its dividend will be cut later this year. The fund had paid quarterly dividends at a run rate of […]
Middlefield Canadian Income celebrates Enbridge pipeline approval – Middlefield Canadian Income PCC is highlighting a positive update on Enbridge Inc. (TSX: ENB, NYSE: ENB), which is currently the largest portfolio holding (approximately 5% of the fund). On 28 June 2018, Enbridge announced that it was granted approval from the State of Minnesota’s Public Utility Commission for Enbridge’s […]
