GPOR : Great Portland says its Rathbone Square flats selling fast Great Portland Estates has sold 125 of the available 142 apartments it is building at Rathbone Square W1 (the former post office sorting depot). The 125 flats sold to date have raised £207.2m for the company. The average selling price equates to £1856 per […]
JLIF : John Laing raising cash to fund three acquisitions John Laing Infrastructure is raising up to £50m via a tap issue of stock. The money will be used to fund three acquisitions it announced today. They are spending £39m on a 50% stake in the South East London Police Stations project (four South East […]
ELTA : Sherborne silent on need for change at Electra Electra has published the circular convening the meeting requested by Sherborne at which it seeks to remove one of Electra’s existing directors and appoint two of its own. It then hopes to lead a strategic review of the company. Incredibly, Sherborne are asking shareholders to […]
PHI : Pacific Horizon growth bias pays off Pacific Horizon results for the year ended 31 July 2014 were good. The net asset value return was 10.4%, comfortably ahead of the MSCI AC Asia ex Japan Index which returned 4% in Sterling terms. Shareholders did even better as the trust’s discount narrowed, leaving them with […]
MUT : Murray Income’s rating declines Over the year to 30 June 2014 Murray Income generated a total return on net assets of 14.0%, ahead of the return on its benchmark which was 13.1%. The share price lagged the net asset value however and so the return to shareholders was 9.4%. The dividend for the […]
SREI : Schroder Real Estate sells site to Barratt Developments Schroder Real Estate has sold a non income producing site in Wembley to Barratt Developments for £15.25m. Completion is set for 23 September. Schroder Real Estate says the deal will add 3.5% to its net asset value at 30 June 2014. The site has planning […]
MWY : Mid Wynd substantially restructured under Artemis Mid Wynd results for the period ended 20 June 2014 were announced on 9 September 2014. These showed the fund generating a total return on net assets of 11.7%, ahead of the 10% return on the FTSE World Index. The shares moved to trade on a small […]
PCTN : Picton spends last of cash in Peterborough Picton Property is acquiring two retail units in Peterborough, Cambridgeshire for £9.075m. The adjacent properties are on Bridge Street, a pedestrianised shopping street, have 89,000 sq ft of space and are let to TK Maxx and New Look. The rent is just over £7 p sq […]
CRS : Good year for Crystal Amber Crystal Amber’s full year results for the period ended 30 June 2014 show its net asset value climbing by 20.8% to 160.8p. The total return for the year was 21.3% – ahead of the FTSE 250 (16.8%) and the FTSE Small Cap. (19.1%). The report cites positive contributions […]
MPO : Macau Property Opportunities frees up $33m of cash Macau Property Opportunities has refinanced some of its properties – debt facilities linked to One Central Residences and the Green House in Macao have been extended or renegotiated. the net effect is to free up $33m of cash giving MPO $55m of cash for future opportunities.
