McKay Securities is spending £10.7m acquiring a freehold distribution unit – the 96,850 sq ft distribution facility is located at Junction 12 of the M4 motorway, adjacent to the Arlington Business Park at Theale in Berkshire, on the edge of Reading and 45 miles west of Central London. The unit is let to Kuehne & Nagel, […]
Middlefield Canadian’s results for 2014 reflect the effect of falling oil prices and subdued commodity prices on the Canadian economy – showing a share price return of 2.5% and a net asset value based return of 0.2% (2.8% on a currency adjusted basis), compared to returns of 2.4% and 1.2% for the Fund’s benchmark and […]
Threadneedle UK Select Trust has published its results for the year ended 31 December 2014. The fund managed to beat the FTSE All-Share Index over the year – generating a return on net assets of 3.5% vs. 1.2% for the benchmark. The dividend was upped from 4.25p to 4.35p. However the discount widened as the […]
The new board of ARC Capital has made an announcement today about the litigation that the fund is involved in. So we don’t inadvertently say the wrong thing, here is their announcement in full: “Independent Legal Review On 24 December 2014, Cielo Overseas Limited (“Cielo”), ARCH’s majority shareholder, released an announcement in which it confirmed […]
Ashmore Global’s accounts for the year ended 31 December 2014 show that the fund has now distributed around 50% of the end 2012 NAV to shareholders – in line with projections the Board made when the company adopted its realisation strategy. The Board now says that around half the remaining NAV will be realised and available […]
UK Commercial Property has announced results for 2014 that show the net asset value rose by 13.5% over the year to hit 83p. Adding in the income as well, the total return on net assets was 19.7% and, as the premium rose slightly, the return to shareholders was 20.4%. The total return on the property […]
LondonMetric Property has announced that it is selling its Travis Perkins distribution facility in Brackmills, Northamptonshire for £14.4m. The buyer is CBRE Global Investors. LondonMetric paid £9m for the property in November 2013 when there was just four months remaining on the lease. They agreed a new ten year term with Travis Perkins for a […]
International Public Partnerships is buying an extra 40% of the Lewisham Building Schools for the Future project for £14.3m. The Lewisham project comprises four BSF schools located in the South East London borough, including Sedgehill (pictured) and Conisborough Schools; Trinity School; Deptford Green School; and, Bonus Pastor, Pendergast and Drum Beat Schools. They are paying […]
Duet Real Estate Finance results for 2014 are out. The total net asset value return for the year was 5.7% and the shareholder return was 9%. They paid 6.2p in dividends during the year and declared 5.2p worth of dividends for the 2014 accounting year as a whole (part of the 6.2p related to 2013 and […]
Dexion Absolute has published its 2014 accounts. The share prices of the various share classes did much better than the net asset values – the Sterling shares were up 11.8% and 2.8% in share price and NAV terms, Euro shares 10.5% and 2.7% and US dollar shares 16% and 2.8%. 97.1% of the portfolio is […]
