Civitas Social Housing acquires 61 properties – The board of Civitas Social Housing says it has completed the acquisition of 57 properties, comprising 405 tenancies or places, for a total consideration of GBP116.6 million. The company has also exchanged contracts (with completion expected shortly) for the acquisition of 4 properties, comprising 22 tenancies for a […]
Taliesin Property Fund gets cash bid – The boards of directors of Taliesin Property Fund Limited and Wren Bidco Limited and Canary Bidco Limited (companies owned by entities advised by affiliates of The Blackstone Group LP) have announced that they have reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued […]
Schroder UK Mid Cap discount stubbornly wide – Schroder UK Mid Cap Fund says that, for the year ended 30 September 2017, its net asset value total return of 21.0% outperformed the benchmark by 6.8%. The dividend for the year is 13.10 pence per share, an increase of 16.4%. Talking about the discount, the chairman said “It […]
Supermarket Income REIT buys Cumbernauld Tesco – Supermarket Income REIT has acquired a Tesco Extra supermarket in the North Lanarkshire town of Cumbernauld, Scotland, from Legal and General for GBP50 million (net of acquisition costs), reflecting a net initial yield of 5.5% after the next agreed RPI-linked rent review in March 2018. The 9.5-acre site […]
JPMorgan fund manager passes away – The board of JPMorgan Income & Capital Trust plc has announced that it is sad to announce the passing of Sarah Emly, co-manager of the fund. They say “She battled with ill health these past few years with a courage, humour and determination that was truly inspirational. The company’s portfolio continues […]
Shaftesbury expands in Seven Dials area – Shaftesbury PLC, which already owns a 14.9 acre property portfolio in London’s West End, has announced that it has acquired six buildings on Neal Street, Seven Dials, for a total consideration of GBP24.6 million, inclusive of acquisition costs. Located on the northern end of Neal Street, between Short’s Gardens and […]
Custodian REIT buys car dealership – Custodian REIT has announced a further property purchase. The company has acquired a 24,845 sq ft car dealership on Pride Park business park in Derby, two miles from the city centre and prominently located on the busy A6. Nearby occupiers include Rolls Royce, Volkswagen, Lexus, Mercedes-Benz, Land Rover, and Ford. […]
EPE Special Opportunities buys furniture business – EPE Special Opportunities says that, on 18 December 2017, it completed an investment in David Phillips Holdings Limited. EPIC Private Equity describes David Phillips, which was established in 1998, as a market leading business-to-business provider of furniture and furnishing services to the UK property sector, supplying owners, managers, agents and […]
No takeovers please says Edinburgh Worldwide chairman – Edinburgh Worldwide Investment Trust says that, for the year ended 31 October 2017, its NAV increased by 31.6% and its share price by 43.0%. The comparative index, the S&P Global Small Cap Index, increased by 13.4% in sterling terms during this period. Henry Strutt, the chairman, says that the fund’s good relative […]
HBM Healthcare sees healthy NAV rise but remains at a deep discount Swiss-listed HBM Healthcare Investments (HBMN.S) recorded an impressive 23% rise in NAV and saw a 36% gain in its share price in the 11 months to end November, according to its latest monthly update. However, the trust’s shares currently trade at an 18.5% discount to […]
