Tritax will fund new Eddie Stobart logistics facility – Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new regional distribution centre at Midlands Logistics Park, Corby. The development asset is pre-let to Eddie Stobart Limited, one of the UK’s leading logistics […]
Standard Life Property Income buys Grand National Retail Park – Standard Life Investments Property Income Trust has completed the purchase of the Grand National Retail Park in Aintree for a price of GBP6.125m, reflecting an initial yield of 6.85%. The park is adjacent to the race course, and consists of 4 units let as a […]
Hansteen sell IMPT portfolio to Warehouse REIT – Hansteen has agreed to dispose of the Industrial Multi Property Trust (IMPT) portfolio for GBP116 million to an entity owned by Warehouse REIT. Hansteen acquired the portfolio through its successful offer for IMPT which was declared wholly unconditional on 25 April 2017. The portfolio consists of 51 UK multi-let […]
Macau Properties sells Senado Square – Macau Property Opportunities Fund has conditionally agreed to sell its Senado Square retail redevelopment project to Ardent Success Limited and City Universe Limited, for HK$800 million (c. US$102.3 million. The sale price represents a premium of 14% to the property’s valuation of HK$703 million (c. US$90.0 million) as at 31 […]
LXI buys Stobart biomass storage and processing plant – The board of LXi REIT says that the company has acquired the freehold interest in the Stobart biomass storage and processing plant in Rotherham, Yorkshire in a sale and leaseback transaction. The purchase price for the property is GBP3.4 million, reflecting a net initial yield of 6.2% (net of acquisition […]
BB Biotech tops biotech trust league in January Swiss-listed BB Biotech (BBB), managed by Bellevue Asset Management, was the best performing biotech-specialist investment trust in January, achieving a 4.8% rise in sterling-denominated NAV total return. Furthermore, with a tightening of its discount to NAV, BB biotech saw a 10.4% rise in its sterling-translated share price over […]
The Investment Company switches manager – The board of The Investment Company says that it is changing its investment manager from Miton Asset Management Limited to Fiske plc. The board has agreed a period of notice with Miton and Fiske will assume responsibility for the portfolio from 1 April 2018. The board has thanked Miton for their […]
Schroder European Real Estate sells two French supermarkets – Schroder European Real Estate Investment Trust says that the Casino Group, the French retailer, has exercised a buy-back option on the fund’s 70% share in two retail assets in France. The sale price reflects a 10% premium to current valuation. Schroder European Real Estate acquired the […]
SQN finds new lessor for Snoozebox assets – SQN Asset Finance Income Fund Limited has signed conditional agreements transferring the ownership of Snoozebox Limited, by purchasing it from the Administrator and selling it onward to a new owner which is part of a well-capitalised group experienced in the wider modular accommodation and in the oil and gas […]
CatCo updates on 2018 portfolio and aftermath of 2017 – CatCo Reinsurance Opportunities has published its forecasts for 2018 and updated investors on the outcome for 2017 where just 35% of ordinary shareholders’ capital is available for reinvestment in the new portfolio (the rest having been distributed, paid in reinsurance claims or tied up in […]
