Supermarket Income REIT buys Sainsbury’s superstore – Supermarket Income REIT has acquired the freehold of the Sainsbury’s Bybrook Superstore in Ashford, Kent, from National Farmers Union Mutual Insurance Society for GBP80 million (net of acquisition costs), reflecting a net initial yield of 4.5% after the next agreed RPI-linked rent review in September 2017. The store […]
Wolf Minerals (AIM: WLFE) has secured an additional £5 million in funding from major shareholder Resource Capital Fund VI to help it complete the operating turnaround plan at its Drakelands tungsten/tin mine. The key elements of the turnaround plan are modifications to the dense media circuit (Phase 1 completed and Phase 2 planned for 9 […]
John Laing Environmental buys anaerobic digestion plant – John Laing Environmental Assets Group has acquisition of Vulcan Renewables Ltd for a total consideration, including working capital, of GBP15.3 million. The acquisition, in partnership with experienced operator Future Biogas Ltd, is the Company’s first investment in the anaerobic digestion sector, further diversifying the Company’s portfolio of […]
Witan Pacific diversifies manager line up – The Board of Witan Pacific Investment Trust has announced changes it intends to make to the line-up of external delegated investment managers within its multi-manager structure. The initial structure will be approximately: Aberdeen Standard Investments 25% (previously 42%) Dalton Investments LLP 10% (new) Matthews International Capital Mgt. 40% (previously […]
NextEnergy adds two plants – NextEnergy Solar Fund Limited has announced the acquisition of two operating solar plants totalling 21.7MWp with an investment value of GBP26.4m Since IPO in 2014, NextEnergy Solar has now secured a portfolio of 50 solar PV assets with a total capacity of 505MWp and a total investment value of GBP581m. NextEnergy […]
Macau Property Opportunities escapes worst of Typhoon Hato – Macau Property Opportunities Fund Limited announces that the Company’s portfolio of properties has suffered minimal damage resulting from Typhoon Hato which caused widespread disruption and flooding in Macau on Wednesday. The company is fully insured for typhoon risk. The Manager has instructed the commencement of repair […]
Starwood European proposes changes to DCM and management agreement – The board of directors has announced proposals that relate to the discount-triggered realisation mechanism and realisation vote currently provided for in the Articles ), amendments to the investment management agreement with Starwood European Finance Partners Limited and the replacement of the existing carried interest entitlement […]
Greencoat UK Wind buys Corriegarth wind farm – Greencoat UK Wind PLC has acquired Corriegarth Wind Farm from Invenergy Renewables LLC for a total consideration of approximately GBP181 million. Corriegarth is located approximately 20 miles south west of Inverness on the eastern side of Loch Ness, and has a capacity of 69.5MW. Corriegarth was developed […]
James Carthew: Witan paves way for debt-laden Merchants One headline that caught my eye last week was Witan (WTAN) announcing it had borrowed £30 million at a rate of 2.74% fixed for 37 years. I think that might be a record, in terms of time to maturity, for the investment companies sector. For most of […]
Juridica shares leap on news of 8p dividend – Juridica has published interim results for the six months ended 30 June 2017. The NAV has barely moved – up 0.48 cents to 25.89 cents – but the company has announced an 8p dividend and the shares are up 65% at the time of writing. The secrecy […]
