LXi REIT has exchanged contracts to provide forward funding for the development of a new Travelodge hotel, drive-through Starbucks coffee shop and drive-through Subway restaurant in Swindon, Wiltshire. The cost to LXi is GBP8.28 million, reflecting a net initial yield of 5.8% on the net cost. When complete (target June 2018) the new development will comprise: a 70 […]
Oakley Capital Investments says that Oakley Capital Private Equity III (“Fund III”) has agreed to acquire the business and operations of ZGS Verwaltungs GmbH (“Schuelerhilfe”), from its current majority shareholders Deutsche Beteiligungs AG (DBAG) and DBAG Fund V, a fund managed by DBAG. Schuelerhilfe is the leading provider of after school tutoring to primary and secondary […]
New River REIT paying a special dividend as earnings rise by 16%: Over the year to the end of March 2017, Recent Factsheet EPRA NAV slipped by 1% to 292p. The second half of their accounting year was better for them than the first. EPRA earnings per share were 23.6p – up 16% on last year’s […]
Land Securities has acquired a portfolio of three outlet centres from Hermes Investment Management for GBP332.5 million, generating annualised net rental income of GBP21.6 million. The acquisition follows the recent disposals of The Printworks in Manchester and The Cornerhouse in Nottingham and is in line with the company’s strategy of recycling capital into family focused retail […]
Marwyn is pleased to announce that MVI II LP held its first third-party fund close on Thursday 11 May 2017, securing commitments of GBP41 million from limited partners who have acquired interests in the portfolio at NAV and are expected to invest alongside the company in future investment opportunities. Marwyn anticipates that further third-party closes […]
Phaunos Timber Fund says it thinks it is well positioned to benefit from the Trump administration’s imposition of new anti-subsidy tariffs on Canadian sawtimber. The move escalates a long-running trade dispute between the two countries, which is based on claims by US producers that their Canadian competitors are effectively subsidized. Their argument is that Canadian […]
Scottish Mortgage delivered a return on NAV of 38.1% for the year to 31 March 2017, this compares well with a return on its benchmark of 33.1%. The return to shareholders was 40.9%. The board is recommending an increased final dividend, providing a total distribution for the year of 3.00 pence per share (2015/16: 2.96p), an […]
Alpha Real Trust has succeeded in having the challenge from Logix Group to the Arbitration Award dismissed by the Division Bench of the Delhi High Court. Following a further appeal by the Logix on 8 May 2017 the Division Bench of the Delhi High Court upheld the award declared in favour of the company by the […]
Custodian REIT has acquired three units within the 33,270 sq ft Coypool retail park in Plymouth, near the town centre and adjacent to the A38 Devon Expressway. The units are occupied by Oak Furniture Land, SCS and McDonald’s, with nearby retailers including Bensons for Beds, B&M, Harveys Furniture, Next Home and DFS. The units’ leases […]
Epiris has announced that its portfolio company AXIO Group has agreed the sale of TechInsights, a leading intellectual property and technology services provider, to Oakley Capital. The sale, which is expected to complete in the next two weeks, is the seventh and final major realisation from AXIO’s portfolio and will conclude what has been an […]
