Civitas invests another £22.9m – Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP22.9 million, comprising the freehold interest in 21 supported living properties, with 183 tenancies, in the South West of England. The portfolio is immediately income generating with an initial net […]
Kubera Cross Border selling Synergies Casting – Kubera‘s subsidiary, Kubera Cross-Border Fund (Mauritius) Limited, entered into a binding agreement on 8 August 2017 to dispose of its entire equity and debt interest in Synergies Casting Limited. A private buyer, Jamy LLC, has agreed to purchase the Company’s interest in Synergies Casting for a consideration net […]
London Museum of Photography headed to Whitechapel – Derwent London has announced that it has pre-let the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, to Fotografiska. Fotografiska runs the world renowned photography museum in Stockholm and will use the space for Fotografiska – The […]
Henderson Smaller Companies beats benchmark despite resources underweight – Henderson Smaller Companies has reported results for the year ended 31 May 2017. Over this period the share price has risen by 32.7%, and the net assets by 28.7%, outperforming the benchmark, the Numis Smaller Companies Index (excluding investment companies), by 4.8% on a total return basis. […]
LXi REIT buys three Northern Irish Priory Care homes – LXi REIT has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home for a total portfolio consideration of GBP14.9 million, reflecting a net initial yield of 6.5% (net of acquisition […]
James Carthew: the relentless rise of new income funds Investors are still pouring money into UK property, despite last year’s post-referendum jitters. If we look at the money raised by the investment companies sector in July, I reckon that of £1.2 billion raised, about £500 million was destined for UK property funds. This included new […]
LondonMetric buys Currys PCWorld store in New Malden – LondonMetric Property Plc has acquired Burlington Retail Park in South West London for GBP28.3 million from a large UK institution. The 51,500 sq ft unit in New Malden, South West London, is located next to the A3 and is majority is let to Dixons Carphone operating […]
India Capital Growth manager acquired – India Capital Growth says that it was informed by Ocean Dial Asset Management Limited, its investment manager, that an agreement has been reached with Avendus Capital Private Limited whereby Avendus Capital and/or its wholly owned subsidiary will acquire 100% ownership of Ocean Dial. Avendus Capital is an India-based financial […]
Picton buys multi-let building in Bristol – Picton, the property investment company, has completed the acquisition of a grade A office building located in Bristol city centre for GBP 23.15 million. Known as Tower Wharf, the building is situated in a prominent position on the waterfront, adjacent to Temple Way, and equidistant to both Temple […]
Pantheon makes 17% in shortened year – Pantheon International has published results for the 11 months ended 31 May 2017 (it moved its year end from June to May). Over this period: NAV per share increased by 17%, from 1,873.6p to 2,189.9p. Net assets increased to GBP1,388m (June 2016: GBP1,187m). The ordinary share price increased […]
