John Laing Environmental adds another anaerobic digestion asset – John Laing Environmental Assets has announced an investment in the Icknield Farm anaerobic digestion (AD) plant. The investment consists of the provision of a debt facility to repay existing loans and acquisition of a minority equity stake from private individuals who were the project’s developers for an […]
Hammerson sells Battery Retail Park in Birmingham – Hammerson plc has exchanged contracts for the sale of Battery Retail Park, Birmingham, to NFU Mutual for GBP57.5 million. The retail park, covering a total of 12,600m(2) , is located in Selly Oak, south west of Birmingham city centre. Built in 1990, Battery Retail Park has benefitted […]
Templeton loses Carlos Hardenberg – Templeton Emerging Markets Investment Trust says that, with immediate effect, Mr. Chetan Sehgal, senior managing director, director of portfolio management overseeing the global emerging markets strategy at Franklin Templeton, has been appointed lead portfolio manager of Templeton Emerging Markets. They say that he will be further supported by an experienced […]
Hibernia REIT buys office in Dublin South Docks – Hibernia REIT has announced that it has exchanged contracts to acquire 77 Sir John Rogerson’s Quay for EUR28.7m. 77 Sir John Rogerson’s Quay, which was marketed by Savills, is a six storey office building of 34,400 sq. ft. with 20 basement car parking spaces which was constructed […]
Tak Lee opposes Shaftesbury fundraise – On 30 January Shaftesbury announced that it had received a statement from Mr. Samuel Tak Lee, the ultimate beneficial owner of a 25.02% stake in the company. The statement indicates that the shares ultimately owned by Mr. Samuel Tak Lee will be voted against the following resolutions to be proposed at […]
PRS REIT plans to expand – PRS REIT has made a number of announcements recently. Maiden Dividend The board has declared a maiden dividend of 1.5p for the period to 31 December 2017. The company is targeting a total dividend of 5.0p for the period ending 30 June 2018, and 5.0p for the year from 1 July 2018 […]
Sequoia board brings in external consultants – in an unusual move, the board of Sequoia Economic Infrastructure has appointed independent consultants to advise the board on risk management and overview the manager’s investment decisions. They say that “As independent consultants, Tim Drayson and Kate Thurman will provide guidance to the board on the overall approach to […]
BlackRock Commodities Income sticks with lower dividend – Over the year to 30 November 2017, BlackRock Commodities Income delivered a negative return on net assets of 3.2% and the share price return was -4.4%. Over the same period, the Euromoney Global Mining Index rose by 8.9% and the MSCI World Energy Index fell by 4.1% […]
Henderson Opportunities returns to form – Henderson Opportunities says that its NAV total return for the year ended 31 October 2017 was 29.5%, while the All-Share returned 13.4%. This strong outperformance more than recovered the shortfall in the preceding year, in which the NAV total return was 0.4% whereas the benchmark total return was 12.2%. During […]
ICG Longbow updates on loan portfolio – ICG Longbow is pleased to announce that it has agreed to fund an increase and extension to an existing loan secured by a North London retail park (the “Meadow Loan”). The increase, which takes the aggregate loan to GBP20 million, is on substantially the same terms and conditions […]
