LondonMetric buys logistics site in Bedford – LondonMetric Property Plc has unconditionally acquired the 40 acre Bedford Link site from the local authority. The site has planning consent for up to 670,000 sq. ft. of logistics space and all other conditions relating to the purchase have now been satisfied. Bedford Link is situated on the A421, […]
GCP Student Living funding another building for Queen Mary – GCP Student Living says that its operational property portfolio is now fully occupied with respect to the 2017/18 academic year. The average rental growth as compared with the 2016/17 academic year is 4.1%. New building for Queen Mary University GCP Student Living has entered into a […]
Central Asia Metals plc (AIM: CAML) is on course to achieve copper production at the upper end of its 13,000t-14,000t guidance range from its Kounrad operation for 2017 after producing 3,842t in Q3. This takes the total for the year to date to 10,869t. Since starting irrigation of the Western Dumps in April 2017, the […]
Phenomenal year for TR European Growth shareholders – TR European Growth says that, for the year ended 30 June 2017, its net asset value total return was 54.0% compared to a total return from the benchmark index of 35.8%. The share price total return was 75.5%. They are proposing an increased final dividend of 11.5p and also […]
CatCo to raise finance in wake of hurricanes – CATCo Reinsurance Opportunities Fund Ltd has announced today that the Board and Markel CATCo Investment Management Ltd., the investment manager, are proposing to raise further funds via the Markel CATCo Diversified Fund (a segregated account of Markel CATCo Reinsurance Fund Ltd), in which the company invests substantially all of […]
Tritax Big Box buys Royal Mail facility in Daventry – Tritax Big Box REIT has exchanged contracts to acquire a National Distribution Centre at Danes Way, Daventry International Rail Freight Terminal (“DIRFT”), Northamptonshire let to Royal Mail Group Limited, the main subsidiary of Royal Mail plc. The total consideration is GBP48.82 million (excluding purchaser’s costs), reflecting […]
Volta Finance trims fees – Volta Finance Limited has agreed a reduction in management fees and revised performance fees with its Investment Manager, AXA Investment Managers Paris under an amended and restated investment management agreement. The Board has reached agreement with AXA on introducing a tiered management fee and simplified annual performance fee structure. The management […]
Baillie Gifford Japan’s Sarah Whitley to retire – Baillie Gifford Japan Trust has announced its results for the year ended 31 August 2017. At the same time, it says that Sarah Whitley, manager of the fund since 1991, is to retire on 30 April 2018. Baillie Gifford, with the full support of the Board and Sarah […]
Board sticking by Genesis – Genesis Emerging Markets Fund Limited has announced results for the year ended 30 June 2017. The MSCI Emerging Markets returned 27.8% to UK investors. The discount to NAV narrowed marginally from 13.1% at the beginning of the period to 12.9% at the end. The NAV increased from 621.4p to 749.6p. The share price rose […]
Pacific Industrial buys nine logistics assets – Pacific Industrial & Logistics REIT has completed the off-market acquisition of a portfolio of 9 logistics assets for a total consideration of GBP45.5m. The purchase price represents a net initial yield of 7.3%. The deal has been financed from the proceeds of the recent placing, completion […]
