Real Estate Investors, the Birmingham based property group, announces the sale of the part-vacant office building, 36 Great Charles Street, Birmingham, to Circle Property Unit Trust for the sum of £2.5m. The property was acquired on 25th March this year for the sum of £1.85m. RLE : Real Estate Investors sells 36 Great Charles Street
Premier Energy & Water has published its interim accounts, covering the six months to the end of June 2015. The period was a difficult one for the global utilities market, as evidenced by a -7.5% return on the FTSE All-World Utilities Index but Premier Energy & Water did much better than this with a return […]
Stratex International has completed a trenching programme at the Madina Bafé prospect at its 85%-owned Dalafin gold project, in Senegal. Channel-sampling results include 4.0 m at a grade of 1.40 g/t gold and 6.0 m at 0.86 g/t gold in highly weathered material (ie potentially leached and thus lower grade than unweathered material). The company […]
http://www.fundweb.co.uk/news-and-analysis/peer-to-peer-lending-leads-bumper-investment-trust-fundraising/2023047.article The peer-to-peer focused P2P Global led investment trust fundraising for July, which was another bumper month for assets raised, reaching £1.6bn. Research from QuotedData found that July was another big month for money raised, higher than the £1bn raised in June and the £870m in May.
Glencore has put a number of its opencast operations, and large portions of the coal processing plants, at its Optimum colliery, in South Africa, on care and maintenance and is retrenching 600-700 workers. This comes as the company commences “business rescue” proceedings for Optimum. Optimum supplies coal to the Hendrina power station owned by State […]
Industrial Multi Property Trust has published an update on its position as at 31 March 2015 and been speculating about its future. They last refinanced the company at the end of December 2013. At that time occupancy within the portfolio stood at 84.6%. They have made modest improvements to this level since then and occupancy was […]
AEW UK REIT is spending £7.15m to buy Valley Retail Park. Valley Retail Park, Newtownabbey is located on the northern side of Belfast with good accessibility to the M2, M5 and A2. The site extends to circa 7 acres and the scheme provides 100,413 sq ft arranged over 7 modern purpose built retail warehouse units […]
Phaunos Timber Fund Limited has announced that agreement in principle has been reached with Rayonier, Phaunos’ joint venture partner in the Matariki Forestry Group, for Rayonier to provide a capital infusion for the repayment of all outstanding amounts under its existing NZ$235m credit facility and for general purposes. The investment by Rayonier into the Matariki JV […]
Sherborne’s net asset value fell by 1.5% over the six months ended 30 June 2015 to a level of 104.47p. The shares were trading at a discount of 3.3% to this NAV at the end of the period but the share price had climbed by 6.3% over the first half. By contrast Electra‘s shares rose by 4.9% […]
The Board of JPMorgan Global Emerging Markets Income Trust has announced the addition of Amit Mehta to the Company’s investment management team with immediate effect. The Company is currently managed by Omar Negyal and Richard Titherington, who are part of J.P.Morgan Asset Management’s Emerging Markets & Asia Pacific Equities team, which has members in offices across […]
