The investment manager of UK Commercial Property, Ignis Asset Management, is being sold to Standard Life. The sale is supposed to complete by the end of Q2 2014. The Board of UK Commercial Property says it “will monitor the situation carefully and update shareholders as appropriate”.
Bilfinger Berger Global Infrastructure has announced its results for the period ended 31 December 2013. Over the year its net asset value rose from 103.5p to 105.6p (helped by a decrease in the discount rate used to value its projects from 8.51% to 8.39%) and it paid out 5.5p in dividends. The company grew in size […]
Picton Property has swapped its investment in Magna Park, Lutterworth for SEGRO’s investment in Parkbury industrial estate in Radlett, Hertfordshire. Picton sweetened its side of the deal by paying SEGRO an additional £6.5m Parkbury is a 32,810 sq m multi-let industrial estate located between junctions 22 and 21a of the M25 with 24 units and a net […]
Electra has announced that it has invested a further £15m in house builder, CALA homes, so that CALA could buy Banner Homes – both companies concentrate on the high end house building sector. Electra has also invested £14m buying audio-mixing console manufacturer, Calrec,
Over the year to the end of January 2014 Dunedin Income Growth generated a total return on net assets of 8.7%, an the return to shareholders was 8.6% – by contrast the return on the FTSE All-Share Index was 10.1%
Greencoat UK Wind has announced results for the period ended 31 December 2013 (its first full results). At the end of the period Greencoat’s net asset value was 102.9p and its share price 103.0p. Dividends paid have been in line with projections. Power generation has been ahead of forecast. The company was fully invested and […]
Over the course of 2013 John Laing Infrastructure registered an increase in its net asset value from 105.7p to 106.8p, paid an increased dividend of 6.25p (vs. 6.0p) and delivered a total return to shareholders of 13.5%. JLIF plans to increase its overseas exposure and is looking at opportunities in Canada, Australasia and the US. […]
Intu has announced that it is buying a 50% interest in the Westfield Merry Hill shopping centre, a 100% share in Westfield Derby shopping centre and 100% of Sprucefield retail park for £867.8m. It plans to pay for the deal by borrowing £424m and raising the rest via a 2 for 7 rights issue at […]
Starwood European Real Estate Finance has completed its first financial year. At the end of 2013 its net asset value was 99.13p and its share price 100.75p (it launched on 17 December 2012 at £1). It paid a dividend of 1.9p for the period in February this year, less than forecast at the time of the […]
Juridica Investments, chaired by Lord Brennan (pictured), has announced its results for the period ended 31 December 2013. Over the year its net asset value fell from $2.20 per share to $2.02 as it paid out a 14p dividend (cost to the fund $25.7m) while generating net income of just $5.1m. Net income was dragged down […]
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