Land Securities pre-lets 21 Moorfields to Deutsche Bank – Land Securities and Deutsche Bank have exchanged a pre-let agreement for the bank’s new London headquarters at 21 Moorfields, EC2 on a 25 year lease. The agreement is conditional on planning permission. Landsec has worked closely with Deutsche Bank on the design of a 564,000 sq […]
Supermarket Income REIT buys a TESCO Extra – Supermarket Income REIT has acquired a Tesco Superstore in Thetford, Norfolk, from M&G Real Estate for GBP43.2 million, reflecting a net initial yield of 5.35% or 5.55% after the next agreed RPI-linked rent review in December 2017. The purchase has been funded out of the equity proceeds […]
Polar Capital Global Financials gets subscription shares exercised – it has announced that it has applied for the listing of 24,952,723 new ordinary shares of 5p each. It is expected that admission to trading will take place on 2 August 2017. Applications have been made following the exercise of the rights represented by 24,952,723 subscription shares to subscribe in […]
Invesco Perpetual Select Trust has published its accounts for the year ended 31 May 2017. The UK equity portfolio returned 22% (22.5% in share price terms), underperforming the All-Share index which returned 24.5%. The Global equity income portfolio returned 29.2% (31.1% in share price terms), underperforming the MSCI World Index which returned 31.3%. The balanced risk […]
Aberdeen Emerging new dividend policy new fee – these measures are being implemented by the Board in recognition of current trends within the sector and to enhance and broaden the appeal of the Company to investors. Background The Board is pleased with the progress made by the Company in recent years with regard to revised management […]
ICG Enterprise sells Standard Brands – announces the sale of its investment in Standard Brands (UK) Limited, a manufacturer of domestic fire lighting products including Zip, the leading brand in the UK and Ireland. Standard Brands was the Company’s fifth largest underlying investment at 30 April 2017. The sale to SHS Group is subject to […]
Marwyn investment Zegona sells Telecable – Directors of Marwyn Value Investors Limited welcome the announcement made yesterday by its investee company, Zegona Communications plc (“Zegona”) confirming the completion of the sale of Zegona’s Spanish cable business, Telecable to Euskaltel, S.A. The transaction has generated significant upfront cash proceeds and Zegona intends promptly to return up to […]
Oakley Capital Investments Inspired wins backing from TA Associates – Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia and a portfolio company of Oakley Funds, has received a significant strategic growth investment from TA Associates, a leading global growth private equity firm, comprising both primary and secondary investment. OCL […]
Custodian REIT buys Salisbury health and fitness centre – the company has acquired a 24,230 sq ft health and fitness centre in Salisbury, located less than two miles from the city centre and prominently fronting on to the A30, the main arterial road into the city from the North. Adjacent businesses include Premier Inn, Handelsbanken, […]
Better year for Growth pool in F&C Managed Portfolio – F&C Managed Portfolio has published results for the year ended 31 May 2017. The NAV total return (i.e. adding dividends paid to capital performance) was 24.5% for the Income shares and 26.4% for the Growth shares. This compares with the 24.5% total return for the All-Share […]
