City of London Investment Trust has published interim results covering the second half of 2015. Over this time the NAV total return was 1.5% which was slightly behind the average for the UK Equity Income Investment Trust sector (1.7%) but ahead of the UK Equity Income OEIC sector (0.8%) and the FTSE All- Share Index […]
BlackRock Throgmorton Trust beat its benchmark by more than 10% over the year that ended on 30 November 2015. The Company’s net asset value per share returned 23.2% compared with a return of 11.9% for the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index. Shareholders did even better – the share price return was […]
Alpha Real Trust announces it has entered into a purchase agreement to acquire the long leasehold interest in a central Scotland land development site. Alpha Real Trust has entered into a 40 year, long leasehold interest with full planning consent and secure grid connection for the installation of a wood fired Combined Heat and Power (“CHP”) plant […]
Scottish American Investment Co has announced its results for the year to 31 December 2015. The net asset value total return (capital and income) for the year was 5.9%, ahead of the total return from equities of 4.1% (which, although it isn’t stated, is most probably the return on the MSCI World Index). The share price […]
GCP Student Living has raised £19m in a placing of its shares and has used the proceeds to buy a student accommodation block in Bristol. The Placing was significantly oversubscribed and the placing price was 135 pence. GCP Student Living has exchanged contracts to acquire Water Lane Apartments, a modern, private student accommodation residence located in a […]
The Board of AEW UK REIT has announced the acquisition of a portfolio of three single-let industrial warehouses located in Basingstoke, Rotherham and St Helen’s comprising approximately 232,523 sq ft. The properties are fully let to Wella (UK) Holdings Ltd, Sapa Components UK Ltd and Kverneland Group UK Ltd respectively. The portfolio provides a WAULT of […]
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, committed £8.1m to an investment in Alpha Financial Markets. Dunedin Enterprise has an interest of 11.6% in Alpha. Alpha is the leading global asset and wealth management consulting firm. Founded in London in 2003, Alpha has grown rapidly and is now the global market […]
JZ Capital Partners has sold six European investments for €96.3m. These investments are held through the EuroMicrocap Fund 2010, L.P. The transaction will be completed in two phases. Firstly, on February 1, 2016, JZCP sold its stake in the first five assets (Docout, Ombuds, One World Packaging, Toro Finance, and Xacom) for €75.2 million. Secondly, […]
Regional REIT Limited has announced that it has exchanged contracts to buy the “Rainbow Portfolio” for £80m from Northwood Investors. The portfolio produces a net yield of 8.2% at a capital rate of only £70 per sq.ft., well below replacement cost. The portfolio comprises 12 assets, five offices and seven industrial sites totalling 1.15m sq.ft. and […]
Apax Global Alpha has announced a proposed commitment to Apax IX and amendment and extension of its Revolving Credit Facility. Apax Global Alpha has agreed an amendment and restatement of the multicurrency revolving credit facility agreement with Lloyds Bank plc dated 30 January 2015. The Amended and Restated Revolving Credit Facility increases the funds available from […]
