Ediston sells Phoenix office building in Reading – Ediston Property Investment Company has sold its office building, Phoenix, Reading, to Fidelity UK Real Estate Fund for GBP20,510,602 which is not materially different to the valuation at 30 June 2017. The property extends to c.52,000 sq. ft., is multi-let to four tenants, and has c. 6,000 […]
LXi REIT buys supported living portfolio – The Board of LXi REIT has announced that the company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Yorkshire. The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities […]
Empiric will convert St Mary’s hospital Bristol to student housing – The Board of Empiric Student Property has announced that the Group has acquired, on an unconditional basis, the freehold of the former St Mary’s Hospital in Bristol for GBP8.08 million (excluding costs). The current site comprises a 3,400 sq m former hospital building and 65 […]
Standard Life Investments Property Income announces recent deals – Standard Life Investments Property Income Trust has completed two investment transactions. The first is the purchase of a 46,800sqft industrial unit in Birmingham, close to an existing asset that the company owns. The purchase price of GBP4.58m reflects an initial yield of 5.75%, and the property […]
Alpha Real completes H2O disposal – Alpha Real Trust announces the successful completion of the sale of a 70% equity interest in the H2O shopping centre in Madrid (“H2O”) to CBRE European Co-Investment Fund, managed by CBRE Global Investors in line with the terms previously advised. As previously announced, Alpha Real Trust will retain a […]
Dunedin Enterprise benefits from Blackrock sale – Dunedin Enterprise Investment Trust PLC has announced the successful realisation of its investment in Blackrock PM, the provider of independent expert witnesses to dispute and litigation resolution in the construction sector. Capital and accrued interest in Blackrock was valued at GBP10.4m as at 31 March 2017, the last […]
LondonMetric Property sells Milford Haven retail park – LondonMetric Property Plc has announced that it has sold its retail park in Milford Haven for GBP15.3 million. The 84,000 sq ft Havens Head Retail Park was acquired in 2010 for a net GBP14.2 million and is anchored by a 38,000 sq ft Tesco food store with other […]
VinaCapital Vietnam Opportunities invests in toll road operator – VinaCapital Vietnam Opportunities has become a significant investor in Tasco JSC (HNX: HUT), a leading toll road operator and real estate development company in northern Vietnam, via a private placement. Tasco’s private placement raised USD23 million by issuing 21% of post-investment common shares to several investors including […]
Diverse Income underperformance attributed to lack of AIM growth stocks – Diverse Income Trust has published results for the year ended 31 May 2017. The net asset value rose by 13.6% from 91.02p to 103.43p over the year. This compares with an increase in the All-Share Index of 20.0% over the year to 31 May 2017. […]
James Carthew: HICL paid high price for Affinity This week’s column was written before the announcement of HICL leading a consortium to buy the HS1 high-speed rail line between London and the Channel Tunnel. My focus this week is on HICL Infrastructure (HICL), a stock that I hold. Briefly, around the beginning of July, its […]
