The Board of Industrial Multi Property Trust notes a press comment today and announces that it has received an unsolicited proposal from a third party to acquire the entire property portfolio of the Company by way of a sale and purchase agreement. The Board considers that the Proposal undervalued the Company’s assets significantly and therefore has […]
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, invested GBP4.2 million in Kingsbridge Risk Solutions. Dunedin Enterprise will have an interest of 13.0% in Kingsbridge. Founded by the current CEO Steve Wynne in 2001, Kingsbridge is the UK’s market-leading provider of insurance services that are tailored to meet the needs of contractors, freelancers […]
Over the year to 31 March 2016, LondonMetric Property’s EPRA NAV increased from 140.6 to 1467.7. EPRA earnings increased from £40.9m to £48.5m which equates to an earnings per share increase from 6.6p to 7.8p. The dividend has been increased to 7.25p from 7.0p. They are implementing a policy of paying quarterly dividends the first […]
Capital Gearing Trust says, as at 5 April 2016, the net asset value per share was 3,382p compared to 3,297p a year earlier. Although an increase across the year of 2.6% might be seen as modest, this achievement is more creditable when measured against, for example, the decline in the FTSE All-Share Index of 9.3% […]
Aberdeen Japan has announced results for the year ended 31 March 2016, over the year, the net asset value returned -6.2%, compared to the benchmark Topix return of -1.7%, in sterling terms. They say this 4.5% NAV underperformance is largely due to a loss on the currency hedge almost all of which came in the first quarter […]
John Laing Infrastructure has announced that, following the satisfaction of certain conditions agreed between the parties, it has completed the acquisition of a 95% interest in the Oldham Social Housing PPP project. The project, located in the UK, has been fully operational since January 2015 and benefits from an availability-based payment mechanism. The acquisition was […]
Alliance Trust has made an announcement in response to the press speculation over the weekend. They say, as communicated to shareholders in October of last year and more recently at the time of the publication of the annual results in March this year, a number of significant changes to Alliance Trust have been implemented in […]
The Board of AEW UK REIT has announced the acquisition of two mixed use assets in Nottingham and Blackpool for a total of GBP13.2m, net of acquisition costs. With these two acquisitions the Company has now fully invested its equity capital and is geared to 20% of Gross Asset Value, in line with its investment […]
Scottish Investment Trust has announced results for the six months ended 30 April 2016. Over that period the net asset value per share total return was 4.0% (with borrowings at market value). The share price total return was 4.4%. The company does not have a formal benchmark but, by way of reference, over the review period the […]
The Board of Empiric Student Property has announced that the Group has acquired the freeholds of three operational, direct-let, premium student accommodation properties in Leicester, comprising a total of 106 beds, for a consideration of GBP8.8 million (excluding acquisition costs). Bede Park (completed in 2012) is a conversion of a 1900s two storey industrial unit, with […]
