Hg Capital sells Sequel – HgCapital, the Manager of HgCapital Trust plc, has announced that it has sold Sequel Business Solutions, a provider of software and services to the Lloyd’s of London and the broader insurance markets, to Verisk Analytics (Nasdaq: VRSK), a leading data analytics provider serving customers in property/casualty insurance, natural resources, and […]
Shaftesbury buys Berwick Street development – Shaftesbury PLC, the Real Estate Investment Trust which owns a 14 1/2 acre portfolio in London’s West End, announces that it has entered in to a contract with PMB Holdings Limited to acquire a long-leasehold interest in 90-104 Berwick Street, Soho, London W1 at a price of GBP38.5 million. […]
LXi buys Motorpoint car showroom – The Board of LXi REIT has announced that the company has acquired the Motorpoint car showroom in Burnley, Lancashire. The purchase price for the Property is GBP5.7 million, reflecting a net initial yield of 6.5% (net of acquisition costs), which is expected to rise to over 7.0% following next […]
LXi buys long let supported living portfolio – LXi REIT has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Essex and Somerset. The purchase price for this portfolio is GBP9.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the company). Each […]
Supermarket Income REIT buys Bristol Tesco Superstore – Supermarket Income REIT has acquired the freehold of a Tesco Superstore, Lime Trees Road, Bristol, from a client of Aberdeen Asset Management for GBP28.5 million (net of acquisition costs), reflecting a net initial yield of 4.9%. The purchase has been funded out of the equity proceeds of […]
Scottish American’s deputy managers take charge – The Board of the Scottish American Investment Company has announced that James Dow and Toby Ross, previously Deputy Managers, have become Joint Managers of the fund. The Board said that it wished to extend its thanks to Dominic Neary, the former Manager of Scottish American, for his considerable contribution […]
Vietnam Opportunities paying dividends – Following consultations with the major shareholders of, and advisers to, VinaCapital Vietnam Opportunity Fund Limited, the Board of Directors has decided to amend VOF’s dividend policy. With immediate effect, the Board intends that the Company will pay a dividend twice per year, normally declared in March and October. The first […]
Wolf Minerals intends to recover the cost of rectifying a low frequency noise (LFN) problem caused by the vibrating screens in its Drakelands tungsten/tin processing plant from its lead construction contractor, GR Engineering Services Limited (GRES). It will take advantage of a £7.5 million Performance Bond provision included in the construction contract for the Drakelands […]
Witan fixes £30m debt for 37 years – Witan Investment Trust plc has today agreed to issue a GBP30m fixed rate 37 year secured private placement note at a coupon of 2.74%. The purpose of this transaction is to obtain fixed rate long dated Sterling denominated financing at a pricing level that the company considers […]
Civitas Social Housing invests in South West – The Board of Civitas Social Housing PLC has announced that the company has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP4.8 million, comprising the freehold interest in five supported living properties, with 28 tenancies, in the South West of […]
