LondonMetric Property sells two leisure assets – LondonMetric Property has exchanged on the sale of an Odeon Cinema in Derby and a retail asset in Guisborough for GBP18.6 million reflecting a blended net initial yield of 4.8%. At Derby, the 10 screen, 37,000 sq ft cinema formed part of a portfolio of ten Odeon Cinemas […]
Primary Health Properties invests in Wincanton – Primary Health Properties has acquired a modern, well let, purpose built healthcare facility for a total consideration of GBP4.37 million (net assets of GBP4.37 million). PHP has acquired the entire issued share capital of Wincanton Healthcare Limited, a company whose assets and activity is the ownership of Wincanton Medical […]
Residential Secure Income buys 1341 retirement homes – Residential Secure Income plc has announced the completion of its first acquisition with the purchase of a rental homes portfolio comprising 1,341 retirement properties for a total consideration of approximately £100m. The UK-wide portfolio is concentrated in Southern England and comprises long-leasehold or freehold interests in primarily one […]
Schroder Oriental Income caps performance fee – Schroder Oriental Income Fund Limited has announced that its manager has agreed to reduce the cap on the performance fee payable to it from 1.00% to 0.75% of the net assets calculated at the end of any one accounting period, effective from 1 September 2017. The news came as […]
Custodian REIT buys Superdrug in Worcester – Custodian REIT has acquired a high street retail unit in Worcester let to Superdrug Stores plc. The property comprises a ground floor sales unit with upper floor ancillary accommodation, located in the prime retail pitch of High Street. Nearby shops include Boots, Marks & Spencer, Debenhams, TK Maxx, and […]
JPEL fund sells Celerion – JPEL Private Equity, which invests in a portfolio private equity funds, has announced that MTS Health Investors, LLC, a healthcare-focused private equity firm, announced that its portfolio company Celerion Holdings, Inc. is being sold to a partnership between Court Square Capital Partners and the Celerion management team, who will continue to own a minority interest in […]
Hammerson sells Places des Halles in Strasbourg – Hammerson has exchanged contracts for the sale of its share (64.5%) of Place des Halles shopping centre in Strasbourg, France. LaSalle Investment Management will purchase the centre from Hammerson and its co-owner, on behalf of funds under management, for a total net vendor price (100%) of EUR […]
BioPharma Credit makes first major investment since IPO – BioPharma Credit PLC says that, on 21 November 2017, it and BioPharma Credit Investments IV, S.àr.L.entered into a definitive loan agreement for up to US$500 million with TESARO, Inc. (NASDAQ: TSRO), a oncology focused biopharmaceutical company with a market capitalisation of US$4.5 billion. TESARO has commercial […]
Blue Capital Alternative projects 10%-15% returns in 2018 – after taking a big hit to NAV from this year’s disasters, including, most recently, the Californian wildfires that engulfed large areas of northern California and sadly took 43 lives, Blue Capital Alternative Income has been talking about its discount and its plans for next year. Discount Management […]
HICL comments on PFI/PPP situation – HICL Infrastructure has released interim results covering he six months ended 30 September 2017. The highlights from these are that the NAV total return for the period was 8.9%, HICL is on track to hit its 7.85p dividend target this year and is targeting 8.05p for the year to […]
