Better Capital completes Gardner Aerospace disposal to Ligeance Investments Limited, a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co., Ltd. for GBP326.0 million on an Enterprise Value basis. Gardner is an award-winning leading Tier-1 supplier of detailed parts and added-value services to the global aerospace industry. The business was acquired by the 2009 Fund in […]
Templeton Emerging Markets shareholders make 48% in a year. Templeton Emerging Markets (TEMIT) generated a return of 47.8% on net asset value over the year to the end of March 2017. Shareholders did even better as the discount narrowed slightly leaving them with a return of 48.3%. By contrast, the MSCI Emerging Markets Index returned […]
Healthier tobacco helps Securities Trust of Scotland outperform. Mark Whitehead, head of Martin Currie’s newly resourced income team, was appointed as portfolio manager of Securities Trust of Scotland in May 2016. Since taking over, Mark has repositioned the portfolio with a greater focus on companies that exhibit growth and have a strong degree of security in their […]
Picton Property cuts debt as shareholders make 25% returns Picton Property Income has released results for the year ended 31 March 2017. These show: An increase in EPRA NAV per share of 6.0%, to 82 pence per share Income profit increased by 30% to GBP25.8 million Total return of 10.4% Shareholder total return of 25.6% […]
Workspace dividend soars by 40%. Workspace owns and manages more than 3.5 million sq. ft. of business space across 68 London properties. It is home to some 4,000 businesses including some of the fastest growing and established brands across a wide range of sectors. Workspace’s results for the year ended 31 March 2017 show: EPRA net […]
LMS Capital handing back another £11m in two tender offers. In its circular published on 27 July 2016, LMS Capital proposed two further returns of capital to shareholders either by way of tender offers or share repurchases. This would be up to half the net proceeds of further sales of assets from the existing portfolio. The details of […]
European REIT may be new vehicle for Quidnet. Quidnet said, in its most recent report and accounts, that its sale of the final property asset in the European REIT’s portfolio, La Gaude, located in Nice, France should complete shortly. The net sale proceeds to the company will be approximately EUR5.75 million, being 0.74 cents per share. Consistent with the […]
LXi REIT buys Leeds care home for £8.4m. The Board of LXi REIT has announced that the company has exchanged contracts to acquire the Priory Care Home, Leeds for GBP8.4 million, reflecting a net initial yield of 6.3% (net of acquisition costs to the company). The Property is fully let to Priory Elderly Care Limited […]
Highcroft Investments buys in St Austell. The company says that, through its property owning subsidiary Rodenhurst Estates Limited, it acquired, today, the freehold interest of an industrial investment near St Austell, Cornwall. The property comprises two industrial units totalling approximately 250,000 sq ft, plus a vacant site, let to Wyndeham Roche Limited on a single […]
DW Catalyst to wind up – the company has announced that, following the passing of the discount trigger resolution earlier this year, which will result in approximately 58 per cent of the company’s shares being redeemed, the company has discussed its future with its investment manager, DW Partners, LP, and obtained the views of shareholders […]
