Fair Oaks Income Fund has announced that it has exercised its right as majority holder of the Income Notes in T2 Income Fund CLO I Ltd to redeem all of the notes of T2 CLO. they say the liquidation of the remaining assets in T2 CLO is well underway with the vast majority of assets sold in […]
Empiric Student Property has bought the Algernon Firth student accommodation block in Leeds for £7.2m. Algernon Firth has 111 beds arranged as a mixture of en-suite flats and loft-style studios. The apartments sit within in a Grade II listed building that was originally built for the University of Leeds in 1933 and is named after Yorkshire Industrialist, […]
Globalworth has expanded its presence in the Bucharest office market with the acquisition of the Unicredit Building for €43m. The Unicredit Building is a landmark, class-A office property completed in 2012 and entirely leased to Unicredit Tiriac Bank, part of Unicredit Group, on a long term basis. It is located in in the north part […]
Next Energy Solar is buying two more plants – the 20.0MWp Cock Hill solar power plant and the 8.0MWp Llwyndu solar power plant. The Cock Hill plant is located in Wiltshire, and is to be accredited under the 1.4 Renewable Obligation Certificate (“ROC”) regime. They say construction of the plant has already begun, with internal roads […]
Kennedy Wilson Europe is spending £503m to acquire a portfolio of 180 mixed use properties all of which are in receivership and all of which were financed by Aviva Commercial Real Estate Finance. the money is coming in part from KWE’s cash resources and part from a £352.3m secured facility provided by Aviva Commercial Real […]
Geiger Counter’s results for the year ended 30 September 2014 show the net asset value falling from 31.3p to 26.9p and the share price flat at 24.75p. The Uranium price has improved (it was $43 when they wrote their statement, having touched a low of $28) and they believe this is a reflection of where […]
RIT Capital has announced that it is buying GVO Investment Management (GVOIM), the investment manager for Strategic Equity Capital (SEC) and is also taking a stake in that fund. The announcement says GVOIM will continue to operate as a separate legal entity with the same autonomous management team, structure and investment process. Stuart Widdowson and […]
Mirland has released a statement this morning describing the effects of the collapse in the value of the Rouble vs. the US dollar on their business. they say “the extreme currency devaluation may have severe implications on the ability of tenants to meet their obligations and thus affect the Company’s financial results and liquidity”. Mirland […]
Trinity Capital’s net asset value fell from 13.4p to 9.4p over the six months that ended on 30 September 2014. 2.5p of that fall related to a distribution that the company made to its shareholders. 1.3p of the fall relates to losses (both realised and unrealised) on the fund’s investment in SKIL Infrastructure. Today the […]
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 […]
