Baker Steel Resources Trust Limited says its 64% owned investment Polar Acquisition Limited (PAL) has agreed to issue a new zero coupon US$4.75 million convertible loan to discretionary clients of Sprott Inc (a Toronto listed fund management company well known for its expertise in natural resources investment and its interest in silver). The proceeds of the convertible […]
Industrial Multi Property has entered into a new unsecured loan facility agreement on 30 March 2017 under which Hansteen Holdings plc will provide an unsecured loan facility of up to GBP11,500,000 to the company, with an interest rate of 10% per annum. The term of the Hansteen Loan Facility expires on 5 December 2018 and […]
Civitas Social Housing has completed the purchase of a portfolio of regulated social housing for a total consideration of £17 million, comprising the freehold interest in 16 supported living properties, with 92 tenancies, across the south of England. The portfolio is immediately income generating with an initial net yield of 6.0%, based on the purchase […]
Starwood European Real Estate Finance Limited has committed to three new loans for a total of EUR133.35 million. Irish School, Dublin: On 31 March 2017 the Group advanced an EUR18.85 million 3 year floating rate whole loan to support the acquisition and repositioning of a South Dublin office building in the Republic of Ireland. The […]
HICL Infrastructure Company has announced the completion of an incremental investment of GBP7.5m in the Medium Support Helicopter Aircrew Training Facility project. HICL has invested GBP7.5m by way of an RPI-linked note to fund an upgrade in the visual systems in the simulators, keeping the facility at the leading edge of technology and capability. The […]
Dunedin Income Growth, which has just announced results for the year ended 31 January 2017, says that its NAV return for the year was 19.2%, just behind the All-Share Index which returned 20.1%. Shareholders suffered from a widening discount however, leaving the with a return of 16.5%. The revenue return per share for the year […]
Standard Life Investments Property Income Trust has completed the purchase of a multi let industrial scheme in Feeder Road, Bristol for GBP5.27m. The 8 unit scheme is fully let to 7 tenants and provides the opportunity for asset management through lease regears and renewals over the next three years. Jason Baggaley, Fund Manager, commented that “This […]
The Board of Better Capital PCC Limited was informed today by the General Partner of BECAP12 Fund LP that it has disposed of its debt instruments in BECAP Jaeger (UK) Limited. Confidentiality undertakings prevent any further disclosure of the identity of the buyer. The 2012 Fund expects to receive net funds of approximately GBP7m/ 2.2 pence […]
Epiris has completed the sale of Audiotonix, a leading manufacturer of audio mixing consoles, to Astorg, a leading European private equity firm, having achieved the necessary regulatory approvals. Electra Private Equity has received proceeds from the sale of GBP203 million, an uplift of GBP62 million or 44% and equivalent to an increase in its NAV […]
MedicX Fund Limited has contracted to acquire two modern primary healthcare medical centres in Walsall and Birmingham from a private investor advised by investment manager Longmead Capital LLP. The property in Walsall is let in its entirety to NHS Property Services and the property in Birmingham is let to a GP practice, Birmingham and Solihull […]
