F&C UK Real Estate has bought a retail warehouse in Bromsgrove for £7.55m. the warehouse has two units, one of which is let to Homebase Ltd for 20 years at GBP362,500 per annum and the other is let to Pets at Home Ltd for 15 years at GBP132,750 per annum – this works out as an […]
GCP Infrastructure has announced that it has invested a further £12.5m in loan notes issued by its Biomass entity. These have a 12 year life and a coupon of 10.5%. The money is being used to build 500KW anaerobic digestion plants in Northern Ireland.
LMS Capital, which is gradually selling off its portfolio and returning money to its shareholders, will tender for £40m of shares. Forms must be submitted by 22 May, the tender will be approved by shareholders on 27 May and the result of the tender will be announced on 28 May.
Kennedy Wilson Europe Real Estate is buying a portfolio of residential and commercial properties (the Central Park portfolio) in Sandyford, Dublin for €88m and another portfolio (the Opera portfolio) of seven offices and six retail properties – mostly in Dublin but with one asset in Cork for €391m. The Central park portfolio comprises 272 residential units and 31,000 […]
3i Infrastructure has published its results for the year ended 31 March 2014. Over the year it generated a total return on net assets of 6.6% (the NAV went to 126.4p from 123.0p and the dividend for the year is 6.7p). Good performance from their investments in Europe was offset by further disappointment in India […]
NextEnergy Solar Fund has spent 9% of its IPO proceeds (£7.98m) on a 6.3MW solar plant at Shacks Barn in Northamptonshire. the plant has been producing energy since march 2013 and qualifies for an older, more generous, government subsidy than a new plant would.
Scottish Mortgage has released figures for the year ended 31 March 2014. It was good year for the fund as the net asset value total return of 23.1% was well ahead of the 6.8% return on the FTSE All-World Index. The share price did even better, returning 28.9% as the discount closed to zero. The […]
The Ottoman Fund has announced that it will return £27m to shareholders (the sale proceeds from the Riva land sale it reported earlier this year. Shareholders will be entitled to the cash if they hold the shares on 14 May and the payment will be made on or about 27 May
Henderson European Focus Trust has announced its half year results for the period ended 31 March 2014. Its net asset value total return for those six months was 16.5%, well ahead of the 8.7% return generated by the FTSE World Europe Index (in sterling). The discount narrowed over the period, moving to a premium at times, and […]
Polar Capital Global Healthcare has released figures covering the six months ended 31 March 2014. The fund outperformed its benchmark during this period – generating a total return of 13.5% on the net asset value against an 11.8% return on the MSCI All Countries World Index – Healthcare Index. The fund’s shares underperformed however as […]
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