Bankers promises 6% dividend increase – Bankers Investment Trust says that, for the year ended 31 October 2017, its NAV increased by 16.3%. The share price performance was enhanced as the discount to NAV narrowed, with the share price recording a 23.5% increase. The dividend was upped by 9.4% to 18.6p and the directors are […]
BBGI and John Laing Infrastructure comment on Carillion – BBGI SICAV says it has no exposure to Carillion. John Laing Infrastructure Fund Limited has 9 operational PPP projects where Carillion are the Facilities Management (“FM”) provider, 4 schools projects, 4 emergency services projects and 1 road project. The value of these projects is approximately 8.5% […]
HICL and INPP reassure on Carillion exposure – HICL Infrastructure Company Limited has made an statement following the recent announcement from Carillion plc regarding its compulsory liquidation. Acting through the Risk Committee, the HICL board and InfraRed, the company’s manager, make ongoing assessments of counterparties, potential issues in the HICL supply chain and related contingency planning. In particular, […]
Tritax Big Box forward funding two new Howdens Joinery warehouses – Tritax Big Box REIT has completed contracts for the site acquisition and forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The properties are pre-let in their entirety under two separate 30 year leases to Howdens Joinery Group Plc, […]
LXI REIT dips into student accommodation with Dundee purchase – LXI REIT, which is building an eclectic and diversified property portfolio, has acquired a long-let student accommodation scheme in Dundee. The purchase price is GBP20.25 million, reflecting a net initial yield of 6.3% (net of acquisition costs). The property is fully let to Mears Group PLC, […]
RDI REIT buys four flexible London offices – RDI has announced the acquisition of an 80% interest in a portfolio of four established, strategically located and high quality flexible offices in Central London from Forum Partners, Kailong Group and Office Space in Town (“OSIT”). The portfolio value of GBP161.7 million reflects an anticipated net initial […]
Chenavari Capital Solutions on track for capital return by 2021 – Chenavari Capital Solutions has published results for the year ended 30 September 2017. Highlights for the year ended 30 September 2017 During the year ended 30 September 2017, they produced a NAV total return of 5.71% (dividends reinvested) (2016: 4.23%). The NAV declined from 94.26 […]
Reconstruction Capital II acquiring Policolor – Reconstruction Capital II has signed conditional agreements to buy shareholdings in two Romanian-focussed investment funds whose main underlying asset is a 60% shareholding in Policolor S.A., a Romanian producer of paints and coatings, resins and chemicals with a substantial real estate portfolio. Reconstruction Capital already owns 40% of Policolor and, if the deal […]
Impact Healthcare REIT buys three care homes – Impact Healthcare REIT has exchanged contracts to acquire in a sale and leaseback transaction a portfolio of three purpose-built care homes in the North-East of England for GBP17 million (including costs). Completion is conditional on, among other things, regulatory approvals, and is expected to take place before the end […]
Safestore aims to fill unlet space – Safestore has published results for the year ended 31 October 2017. Highlights: Group revenue for the year up 12.6% (10.0% in constant exchange rates) Like-for-like group revenue for the year in constant exchange rates up 3.3%. Like-for-like like adjustments have been made to remove the impact of the […]
