GCP Infrastructure has published its annual results for the year ended 30 September 2014. The return to shareholders over that period was 15%. 7.6p of that came as dividends. The fund expanded quite a bit (by £170m) over the year and since the year end. The manager says that certain areas of the infrastructure market […]
New City Energy results for the year to the end of September 2014 show a negative return on net assets of 5.8%. The share price fell by 8.8%, ending the year at a discount of 17.0%. The dividend was increased by 7.4% to 2.04p but was uncovered by earnings. The manager’s report gives no indication of […]
New Europe Property is paying €82m in cash and taking on bank debt of €83m in exchange for three companies that own the Aupark Kosice Mall, the Aupark Kosice Tower and Malinovsky Barracks (a 4.1 hectare site located in the centre of Kosice). Kosice is a town in Slovakia with about 240,000 residents. The biggest employer is […]
The Ottoman Fund Limited has announced that it has discovered unauthorised expense payments that have seem to have been made from its Turkish subsidiaries. These total less than $2m it believes. It has appointed a firm of forensic accountants to look into the matter and says it is consulting advisers to see if it can […]
Adamas Finance Asia is getting $25m from the redemption of the convertible bond it holds in Global Pharm Holdings. ADAM will receive an initial payment of US$2.4 million on 31 December 2014, a further US$9 million on 31 March 2015 and a final payment of US$13.6 million on 30 April 2015, yielding an aggregate of […]
JPMorgan Brazil’s results for the half year that ended on 31 October 2014 show the fund underperforming its benchmark (the MSCI Brazil 10/40 Index) as the net asset value fell by 1.7% against a rise in the Index of 1.4%. The share price return was -2.6%. The major influence on the Brazilian market was the […]
Local Shopping REIT managed to generate an NAV uplift of just 1p per share (from 41p to 42p) over its accounting year that finished on 30 September. LSR adopted a policy of selling off its portfolio and returning proceeds to shareholders in July 2103 and has made some progress with this over the year. It managed […]
Hansteen has sold off £43.9m worth of its industrial portfolio. The eleven UK assets sold from the Ashtenne Industrial Fund (which Hansteen holds 36.7% of) comprise Langley Park (a 48 acre site in the centre of Chippenham in Wiltshire with 800,000 sq ft of office and industrial space occupied by tenants including Siemens PLCS, IXYS […]
LXB Retail Properties has announced a 15.6% uplift in its EPRA NAV to 134.54p over the year that finished on 30 September 2014 and profit up from £25m to £36m. The year was notable for them securing 1.2m sq ft of new planning permissions within the portfolio. They are offering shareholders a continuation vote at […]
Schroder Real Estate is spending a large chunk of the money it raised in November on a 50% interest in the University of Law campus in Bloomsbury, London W1. Schroder Real Estate is spending £34m for its half, alongside Schroder UK Property Fund, also managed by Schroder Real Estate Investment Management, for a total price […]
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