SEGRO plc has announced that it has agreed amended bank facilities totalling EUR780 million (GBP614 million). The facilities comprise a EUR610 million syndicated revolving credit facility and two bi-lateral revolving credit facilities of EUR100 million and EUR70 million each. The net impact of the changes is a EUR110 million (GBP87 million) increase in the unsecured committed […]
Vinaland and VinaCapital Vietnam Opportunities (VOF) are selling their entire stakes in the 21(st) Century International Development Joint Stock Company (Century 21 Project) located in Ho Chi Minh City, Vietnam. The site is a future residential – mixed use development site, with a total site area of 301,060 square metres which was acquired in 2006 for […]
Real Estate Investors has confirmed the acquisition of two additional investment properties in Telford and Nottingham for a total consideration of GBP5.135m, producing a combined rental income of GBP506,710 per annum and a net initial yield of 9.26%. The investment properties acquired are as follows: Titan House, Euston Park, Telford – acquired from receivers. The building […]
Both P2P Global Investments and VPC Speciality Lending have come out with statements saying they have no equity investment in Lending Club. VPC Speciality Lending said “it does not hold a position in LendingClub Corp and has never had any exposure to them nor any loans originated by them”. P2P Global said its investment manager is […]
HgCapital has today announced an investment in STP Group, a leading provider of insolvency and law practice software, based in Germany, in partnership with the current CEO and co-founder Gunther Thies. Mr Thies retains a significant interest in the business and will continue as CEO. The investment was made from HgCapital’s Mercury Fund which focuses […]
LondonMetric Property Plc has announced that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks in Bridgwater, Chatham and Grimsby for GBP15.9 million (LondonMetric share: GBP8.0 million), reflecting a blended NIY of 5.7%. The 33,000 sq ft Range store in Bridgwater has been […]
Polar Capital Global Healthcare says, for the six months to 31 March 2016 it generated a Net Asset Value total return of 0.5% which was behind its benchmark, the MSCI Healthcare Index (total return in Sterling with dividends reinvested) which rose by 5.1% over the same period. The share price fell by 3.7% over the […]
The recent recovery in the mining sector extended into April, with commodity trusts among the best performers for the month, according to QuotedData’s latest report. http://www.investmentweek.co.uk
K&C REIT has announced that, on 6 May 2016, it agreed to acquire the entire issued share capital of The Osprey Management Company Limited from Ms Susan Hards for an aggregate consideration of £1.6m. Osprey owns a portfolio of freehold interests in a number of high quality retirement and residential properties in London and southern England. In addition, […]
JPMorgan Elect has published its interim results. For the half year ended 29th February 2016, the total return on the company’s net assets was -1.3% for the Managed Growth portfolio and -1.1% for the Managed Income portfolio. The total return on the Managed Cash portfolio was +0.3%. The Managed Growth portfolio has delivered a total […]
