Hansteen Holdings has today announced that it has sold a portfolio of ten multi-let industrial estates and an office park. The portfolio is held through Ashtenne Industrial holdings, a vehicle that Hansteen has a 36.7% interest in and is investment manager of. The 900,000 square foot portfolio fetched £62m (a price equivalent to an initial yield […]
Personal Assets Trust has published its results covering the year ended 30 April 2014. Over the year the company’s net asset value fell by 5.1%. Over the past three years Personal Assets Trust has underperformed both inflation and the FTSE All-Share Index. The problem, says Sebastian Lyon – the fund manager, has been the funds […]
Perpetual Income & Growth has published its annual accounts for the year that ended on 31 March 2014. Over that period Perpetual Income & Growth outperformed its benchmark (the FTSE All-Share Index) by some margin, delivering a total return on net assets of 18.8% at the portfolio level and 19.4% including the effects of marking its […]
Martin Currie Pacific has published its results for the thirteen months that ended on 31 March 2014. The Company has changed its year end from end February to end March hence the thirteen month period. Over the period the total return on net assets was -10.7% – an underperformance of the MSCI All Countries Asia […]
Workspace Group has announced results for the year ended 31 March 2014. Over the year its EPRA net asset value rose by 43% to £4.96 and they raised the total dividend for the year by 10% to 10.63p . The rise in the net asset value was driven by a 27% increase in the valuation […]
Tritax Big Box REIT has refinanced two recent acquisitions – the Marks & Spencer East Midlands Distribution Centre at Castle Donington, Leicestershire and the Tesco Distribution Centre at Southmead Industrial Estate, Didcot. Barclays Bank is providing loans of £49.3m and £12.2m respectively, secured individually on the assets. They are paying slightly more for the M&S centre financing […]
Terra Capital has published its results for the year ended 31 December 2013. While somewhat out of date now, the figures show a 10% increase in Terra Capital’s net asset value to 96 cents per share. The Chairman draws attention to the fact that this was achieved despite not being fully invested throughout 2013 – he […]
Standard Life Inv Property Income has sold its largest investment – a logistics unit in Bolton let to Tesco. The price it got for the property was £16m which equates to a yield of 7.25%. The reason for the sale, says Jason Baggaley, Standard Life inv Property Income’s manager, is that Tesco’s lease on the property […]
BP Marsh & Partners has published its results for the year ended 31 January 2014. The net asset value rose to 202p from 190p and the company declared an increased dividend for the year, and said it hoped to continue to pay a final dividend of at least 2.75p per share in the coming two years. BP […]
EIH has released its annual results for the year ended 31 December 2013. These are somewhat out of date now but show the net asset value rising from 72.7 cents to 74.7 cents per share – an increase of 2.8%. EIH also distributed 2 cents per share during the year. The company’s holding in Gland […]
