Tritax Big Box REIT is investing £98.8m to build a new distribution warehouse facility for Ocado. The facility will be located inside the M25 at Crossdox, Bronze Age Way, Erith, on the south side of the River Thames and A2016, with Central London approximately 12 miles to the West and Tilbury Docks and DP World […]
Chenavari Capital Solutions has announced results for the period from its incorporation on 12 July 2013 to the end of September 2014. Its net asset value rose by 4% compared to its value after issue expenses and they paid dividends totalling 5.25p (they were aiming for 5p). The net asset value at the end of […]
Redefine International has announced that it has bought 56 German retail properties in a 50/50 joint venture with Redefine Properties Limited (Redefine International’s largest shareholder). The whole portfolio is valued at €157m which equates to an initial yield of 7.5%. The portfolio comes with €100m of bank debt, they expect to refinance this shortly (approximately […]
Aberforth Smaller Companies reported a 0.7% fall in its asset value on a total return basis over 2014, better than the -1.9% return generated by the Numis Smaller Companies excluding Investment Companies Index. The return to shareholders over the period was 0.1%. the final dividend was 17p, making a total of 24.75p for the year, an […]
The Board of JPMorgan Chinese Trust have negotiated a reduction in the fees that JPMorgan charges the fund. the base management fee will be 1% of the Company’s total assets less current liabilities and the performance fee is being scrapped. Tese changes take effect at the end of September 2015 so JPMorgan can still earn […]
Advance Developing Markets has published its results for the year that ended on 31 October 2014. Over that period the fund saw its asset value fall by 0.3% and its share price fall by 2.3% while its benchmark, the MSCI Emerging Markets Index rose by 0.9%. The managers’ report says that good fund selection and […]
Alpha Pyrenees Trust has announced that it is in talks with its lender about potential refinancing options for the company, including the potential refinancing of assets by third party lenders and potential asset sales. To enable these discussions to proceed further the Company is discussing an extension of its current facilities for a period of […]
McKay Securities has announced that it has started work on the development of an office development in Redhill, Surrey. the completed project will offer 48,050 sq ft, (4,463 sq. m) of office space laid out over a ground floor and three upper floors, with 87 car parking spaces at ground and basement level. They are calling the […]
Baker Steel Resources Trust has published more detail on its proposed expansion plans. Shareholders get to vote on elements of the proposed plans at an EGM being held on 23 February 2015. They will acquire a portfolio worth £18.6m and potentially buy a further £60.7m worth of investments – issuing new shares to pay for […]
Henderson Diversified Income has published results for the year that ended on 31 October 2014. The net asset value rose from 87.92p to 88.82p over the year but the share price slipped a little – from 91.5p to 91.25p – still a healthy premium to the asset value. The premium allowed the fund to issue a […]
