Sirius Real Estate continues to reduce the average cost of its borrowings. It has confirmed it has completed a new 7 year EUR70 million banking facility with BerlinHyp with an all-in fixed interest rate of 1.48% for the term of the loan. This replaces an existing EUR39.3 million facility which was incurring an all-in fixed […]
The board of directors of Global Resources Investment Trust confirm that they have today repaid GBP1.0 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM Asia Multi-Strategy Fund Inc. As announced on 28 October 2016, it expects to repay the balance of GBP1.5 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM from […]
Axa Property Trust reports that its Net Asset Value at 30 June 2016 was GBP38.7 million (30 June 2015: GBP49.4 million). Adding back to the NAV the GBP16.2 million capital returned during the quarter, the NAV increased by GBP5.5 million (11.2%). In pence per share, the NAV rose from 57.6p to 67.2p, an increase of 16.6% […]
Gemfields (GEM:AIM) Operational update for 3 month period ending 30 September 2016, the first quarter of the 2017 financial year. Ian Harebottle, CEO of Gemfields , commented: “Work on new projects continues apace and plans remain on schedule to meet our annual target production of 40 million carats of rough emeralds from Kagem and 20 million carats of […]
Volta Finance Limited has published its results for the financial year ended 31 July 2016. Volta produced a total return of 3.8% in NAV terms. This has been accompanied by a narrowing of the discount of the share price to NAV from nearly 20% at the half-year point to less than 14% at the end of […]
Capital & Counties Properties PLC has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC for GBP67.5m before purchaser’s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let building produces an annual rental […]
3i Infrastructure plc has signed an agreement to invest approximately £185m to buy 100% of Infinis plc and its subsidiaries. These own the landfill gas (“LFG) interests of the Infinis Group. Infinis is the leading generator of electricity from LFG in the UK. LFG is a naturally occurring product resulting from the decomposition of organic […]
Patagonia Gold Plc (PGD:AIM) Gold and silver production has commenced at Cap-Oeste mine in the Santa Cruz province, Argentina. The first doré pour was completed 27 October 2016. The production forecast for the project’s 24 month life of mine is estimated to be 82,000 oz AuEq. Ramp-up to full production capacity is complete. To date 100,000 […]
The Board of Schroder European Real Estate Investment Trust has announced the exchange of contracts for the purchase of a EUR30.1 million office property located in Saint Cloud, Paris, reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of an established office complex in Saint Cloud, a densely […]
Livermore Investments Group Limited has announced that it has sold its subsidiary Livermore Investments AG, which holds the Wyler Park property located in Bern, Switzerland, for net proceeds of CHF 57.8m on 28 October 2016. LIV : Livermore sells Wyler Park Bern
