BBOX : Tritax raises £110m and spends £22m Tritax Big Box REIT has announced that it has raised £110m by placing 104.77m shares at 105p. It has also said that it has exchanged contracts on a Tesco retail distribution warehouse for which they are paying £22.45m, equivalent to a net initial yield of 8.25%. The […]
RECI : RECI expands loan portfolio Real Estate Credit Investments has announced its interim results for the six months that ended on 30 September 2014. The net asset value rose by 3.2% to 159p. They are paying a dividend of 2.7p for the quarter. They have been expanding the portfolio, making six new loans worth […]
TRIG : Renewables Infrastructure buys Irish wind farm The Renewables Infrastructure Group has bought a wind farm in Ireland for €17.3m. Taurbeg wind farm is capable of producing 25.3MW. It is located near Rockchapel, County Cork in the Republic of Ireland and was developed by the RES group. The project includes eleven Siemens wind turbines, each with […]
EUT : European Inv Trust takes defensive stance European Investment Trust beat its benchmark, the FTSE World Europe ex UK Index, by 1.1% in total return terms over the year that ended on 30 September 2014, producing a return on net assets of 6.4%. Furthermore the discount narrowed from 10.9% to 6.5% and so the […]
VNF : PXP Vietnam does well in its final year PXP Vietnam has published its accounts for the year ended 30 September 2014, Over the period the fund’s net asset value rose by 25.9% while, by comparison, the VNI (the Vietnam Index) rose by 21.0%. Shareholders did even better as the discount narrowed, leading to a 42.7% […]
FCI : F&C Capital & Income increases div for 21st year running F&C Capital & Income, managed by Julian Cane (pictured), has announced its full year results for the year ended 30 September 2014. Over that period it generated a net asset value total return of 3.8% and a 6% return to shareholders. By contrast the […]
GWI : Globalworth expands Bucharest office portfolio Globalworth has bought Green Court, which they describe as “a newly built A-class office property development, strategically located in Bucharest’s new central business district”. The building is close to Globalworth’s existing Bucharest One development. They bought the building from Skanska who are constructing a group of three offices […]
ESP : Empiric buys in Hatfield Empiric Student Property has exchanged contracts to acquire a 199 year lease on a direct-let, premium student accommodation property in Hatfield, Hertfordshire, for a consideration of £9.4m. The deal should complete on or about 17 December 2014. The property, Curzon Point, is an operating, purpose-built student accommodation property on The Common in […]
SREI : Schroder Real Estate acquisition in Milton Keynes Schroder Real Estate has announced that it has bought Heathfield Industrial Estate in Milton Keynes for £5.1m. The purchase price is equivalent to an initial yield of 7.7%. The full reversionary yield (assuming all units were let out at market rents) is 8.8%. Heathfield sits next […]
TRY : Good six months for TR Property TR Property’s net asset value rose by 2.7% to reach 261.8p over the six months that finished on 30 September and the share price rose by a similar amount. The interim dividend has been increased from 2.85p to 2.95p. On a total return basis the fund beat […]
