LXi REIT buys another Premier Inn – LXi REIT has exchanged contracts to forward purchase the new Premier Inn hotel currently under construction at Wilson Street, Middlesbrough. The purchase price is GBP6.2 million, reflecting a net initial yield of 5.1% (net of acquisition costs). They have paid the vendor a 10% deposit with the balance […]
Fast Forward’s Schoold merging with Lingo Media – FastForward is pleased to announce that investee company, Vested Finance inc (trading as Schoold Inc) in which FastForward has an equity interest of 11.6%, has announced that it has now approved a definitive agreement dated August 10, 2017 to combine in a merger of equals through an all-stock […]
This week’s topic is LXI Reit (LXI), one of a small band of real estate investment trusts whose raison d’etre is they invest in assets let on long leases. The first to launch in 2014 and by far the largest with a market value of £823 million is Secure Income Reit (SIR). It owns properties that […]
VinaLand sells My Gia stake – VinaLand Limited has announced that, further to the announcement dated 28 April 2017, it has divested its remaining stake in the My Gia project to a Vietnamese development company. The My Gia township development project is located in Khanh Hoa Province and was acquired by VNL in 2008. VNL’s disposal […]
Caledonia Mining has reported comprehensive H1 2017 earnings of US$4.2m against US$5.4m for the same period of 2016. EPS was US27.6c against US38.3c a year earlier, a decrease of 28%. Adjusted EPS was US45.7c against US43.0c in H1 2016. Net profit attributable to Caledonia’s shareholders decreased from US$4.2m in H1 2016 to US$3.0m in H1 […]
Empiric funding 166 bed development in Edinburgh – The Board of Empiric Student Property says that the Group has acquired land with planning permission and entered into a forward funded agreement for a 166 bed premium student accommodation development in Edinburgh for a total funding commitment of GBP26.56 million (excluding costs). The Property will be valued post-completion and […]
Greencoat UK Wind buys North Hoyle and Slieve Divena wind farms – Greencoat UK Wind PLC has entered into agreements to acquire the North Hoyle and Slieve Divena wind farms from institutional investors advised by JP Morgan Asset Management for a total consideration of approximately GBP105 million. The acquisitions, which are expected to complete in August […]
Renewables Infrastructure investing in battery storage project – The Board of The Renewables Infrastructure Group has announced that the company has completed the acquisition of a 100% interest in Broxburn, a battery energy storage project which is currently under construction in West Lothian, Scotland. Broxburn, a 20MW battery, was developed and is being constructed by RES, TRIG’s […]
LondonMetric buys logistics portfolio from Cabot – LondonMetric Property Plc has announced the acquisition of 14 urban and regional logistic warehouses for GBP116.60 million from Cabot Properties. The purchase price reflects a day one yield on cost of 6.1% and a reversionary yield of 6.6%. The 1.3 million sq ft of warehouses are in established […]
VinaCapital Vietnam Opportunities invests in mobile phone distributor – VinaCapital Vietnam Opportunities becomes a major shareholder in FPT Retail, the second largest mobile phone distributor in Vietnam. As part of its divestment strategy, FPT Group (HSX: FPT) is spinning-off its retail distribution unit, and is selling 35% of the shares in FPTR to a few institutional investors […]
