At 30 June 2015, Candover had $83.9m (£53.1m) of US private placement notes outstanding, with a maturity date of 31 December 2015. The Company’s net debt position as at 30 June 2015 was £32.3m (as they had $20.8m of cash and cash equivalents. The Company has agreed a new term loan facility with 17Capital LLP for up […]
NewRiver Retail is buying a portfolio (“the Ramsay Portfolio”) of retail parks and development sites for £69.1m. the price is equivalent to an initial yield of 8% on the income producing assets. The Portfolio is to be acquired from a major foodstore operator utilising a portion of the funds to be raised following completion of the […]
Invista European says its Strategic Review has included a number of discussions with third parties in order to achieve either a recapitalisation of the Company or a sale of subsidiary undertakings owning the core portfolio. Recently, there has been a tenant default as well as the unexpected exercise of lease breaks which, in the absence of […]
Oryx International Growth outperformed both the FTSE Small Cap. and the AIM Index over the year that ended on 31 March 2015, producing a total return on net assets of 5.2% vs. 2.8% for the FTSE Small cap. and -15.8% for the AIM Index. This result builds on the company’s good track record of recent […]
Infrastructure India has published its results for the year ended 31 March 2015. Over this period the net asset value fell from 62p to 55p despite by strengthening of the Indian Rupee against Sterling at the end of the fiscal year, a decrease in the yield of the Indian 10 year bond, which serves as the […]
Hammerson says it has exchanged contracts to sell its interest in Grand Maine shopping centre situated to the south west of Angers, to a leading French institutional investor for a net €63.2m (£45.3m). Grand Maine comprises 8,600 sqm of retail space with 57 units over two levels, and is adjacent to a large Carrefour supermarket. […]
North Atlantic Smaller Companies announced that on 8 July it signed a conditional contract to sell its investment in Celsis. On completion, the transaction will increase the net asset of the Company by just over £1 per share and increase the cash balance by approximately £50m. NAS : North Atlantic Smaller sells Celsis
Spark Ventures’ results for the year to the end of March 2015 show that the NAV fell by 12% over the year (adjusting for cash returns) but they point out that it has recovered most of this fall since the end of the period. 4.5p or £19m has been returned to shareholders. They struck a […]
AEW UK REIT has made two further acquisitions for £14.65m. Sandford House, located in Solihull town centre, provides 34,418sq ft of offices with parking for 130 vehicles. It was acquired for £5.4m. The property is fully let to the UK Borders Agency with a tenant break option in just under 2 years. The purchase price reflects a […]
Over the year to the end of March 2015, SVM UK Emerging underperformed its benchmark index, the IMA UK All Companies Sector Average Index, as it returned 2.0% on net assets against the benchmark’s 5.6%. The return to shareholders was 2.2% as the discount narrowed slightly from 21.9% to 21.7%. The manager did not charge […]
