AEW UK Long Lease buys Wandsworth gym – AEW UK Long Lease REIT has completed the acquisition of 212 Wandsworth Road, London for GBP4.4m. The property, which is fully let to Pure Gym Limited at a low passing rent of GBP11.60 per sq ft, provides an unexpired lease term of 10.2 years to break and […]
James Carthew: there is a future for quality ‘zeros’ Split capital investment trust Jupiter Dividend & Growth (JDT) is approaching the end of its life. It was launched in December 2005 and is by far the oldest of the ‘splits’ that exist today. However, its articles of association say it must wind up on 30 […]
Triple Point Social Housing invests another £10m – The Board of Triple Point Social Housing REIT says that the group has completed the acquisition of 12 supported housing properties, comprising 75 units in total, for an aggregate purchase price of GBP10.5 million (excluding costs). The properties are located in Bournemouth (1), Durham (1), Newcastle (1) […]
F&C UK Real Estate buys distribution unit – IRP Holdings Limited, a subsidiary of F&C UK Real Estate, has purchased a 59,000 sq ft distribution unit in Basingstoke (Unit K60, Lister Road) for GBP9.56 million, reflecting a net initial yield of 5.2 per cent. The property is let to one tenant, Bunzl UK Ltd, on […]
Manchester & London overseas bet pays off – Manchester & London has published results for the year ended 31 July 2017 that show that the fund delivered a 26.9% return on net assets and a 47.9% return to shareholders over a period when its benchmark (MSCI UK Investable Market Index) returned 14.7%. the share price return […]
Large cap tech leaves Fidelity Asian Values behind – Fidelity Asian Values says that its share price returned +24.9% and the NAV returned +19.3% for the year ended 31 July 2017. This compares to the MSCI All Countries Asia ex Japan Index, which rose by 28.2%. The Board is recommending an 11.1% increase in the […]
Foresight Solar investing in Queensland – Foresight Solar Fund Limited has entered into binding contracts with Canadian Solar Inc., to acquire three construction stage assets in Queensland, Australia, representing 117MW of peak capacity once installed. The assets are Longreach Solar Farm (17 MW), Oakey 1 Solar Farm (30 MW) and Oakey 2 Solar Farm (70 […]
JPEL Private Equity gets cash for Accela stake – JPEL Private Equity says that one of its largest investments has been bought. On 29 September 2017, Berkshire Partners LLC made an investment in Accela, a leading provider of civic engagement software solutions for state, county and municipal governments. The sale of Accela resulted in an investment […]
Jupiter US Smaller cuts fees – Jupiter US Smaller Companies has agreed to remove its existing performance fee arrangements. The base fee has also been reduced, with effect from 1 October 2017, from 0.80% of total assets per annum to a tiered fee amounting to 0.75% of adjusted net assets up to GBP150 million, reducing to 0.65% for […]
James Carthew: has Tritax paid too much as Hansteen hands back cash? In the past week we have seen a very large tender offer from Hansteen Holdings (HSTN), a real estate investment trust specialising in industrial property, and a deal where Tritax Big Box (BBOX) bought a large logistics facility from LondonMetric Property (LMP). Hansteen […]
