JZ Capital Partners and their property partner, RedSky, are paying $97.4m to acquire 2621 NW 2nd Avenue located in Miami’s Wynwood neighbourhood and 1 NE 40th Street and 35 NE 40th Street (site of the Oak Tavern, pictured), two properties located in the Design District neighbourhood of Miami, Florida. JZ’s share of the purchase price was $4209m […]
Mirland has announced that it is proposing a restructuring of its series A-F bonds. Any definitive agreement between the Company and the Trustees of the bonds requires approval by the board and shareholders of the Company and will be subject to sanction by the Cypriot Court and bondholders approval. Under the proposals: Payments of principal are […]
Standard Life Investments Property Income has published results for the year ended 31 December 2014. Over the period the fund produced a total return on net assets of 23.2% and a share price total return of 18.8%. The EPRA net asset value rose by 16.8% to 76.6p and, at the end of 2014, the share […]
HICL Infrastructure is paying €11.5m for a 75% interest in the Zaanstad Penitentiary Institution PPP project. The Project comprises the construction and 25-year operation of a new penitentiary institution in Zaanstad, the Netherlands. The Project is governed by a Design, Build, Finance, Maintain and Operate Agreement with the State of the Netherlands and has tenure […]
Asia Total Return beat its benchmark over the course of 2014. In total return terms, the Company’s share price outperformed the market, rising by 12.3%, whilst the net asset value advanced by 15.8% in the year to 31 December 2014. This compared with a rise of 9.2% in the Reference Index in sterling terms and an […]
Camper & Nicholsons Marina Investments saw its net asset value fall from 17.1 cents to 16.1 cents over the course of 2014. The company had a cash injection of £2.4m last June from First Eastern Holdings who are now the majority shareholder in the business, holding 52%. With their help they secured the Victoria Quay […]
In what seems to be a continuation of a trend, Schroder Real Estate has announced today that it is applying to become a REIT. The reason behind this is a change to their current taxation arrangements – they had a deal with HMRC whereby the tax they paid as an offshore company was fairly low. […]
JPMorgan Senior Secured Loan Fund has published results covering the period from its launch in December 2013 to the end of January 2015. They say they got the money they raised in the initial offer invested by the end of January 2014 and, from then until the end of the period, the fund produced a […]
First – Karin Forseke (Alliance Trust’s Chairman)’s message to shareholders in the circular convening the meeting: “Dear Shareholder, Who are Elliott and what do they really want? Our Company has been requisitioned by Elliott Advisors (UK) Ltd. to appoint three additional directors to the Board of Alliance Trust. Your Board believes this is just the […]
Dunedin Income & Growth outperformed the FTSE All-Share Index by 4% over the year that ended on 31 January 2015, over the period the fund’s net asset value total return was 11.1% vs. 7.1% for the Index. The return to shareholders was just 6.8% however as the shares moved from trading on a 1.6% premium […]
