GRIO’s results cover the 17 month period between its incorporation on 23 April 2012 and 30 September 2013. It is not yet fully invested – it said it would be by end May 2014. At the end of September it was 51% invested and when the report was published that figure had risen to 60%. […]
3i’s interim management statement covering Q4 2013 mentions £29m of realisation proceeds received – making £557m for the last nine months – 35% up on the previous year; £322m invested including four European Private Equity investments; completion of their acquisition of BIFM (an infrastructure business); and successfully closing their third US CLO. The NAV at […]
Over the year to the end of October 2013 Safestore had to contend with the impact of the imposition of VAT on UK self storage and this, they say, had a knock-on effect on revenues which fell by 2.7%. Earnings per share and EBITDA moved ahead however as borrowing costs fell, occupancy rates in France rose, and […]
Riverstone Energy has announced that Liberty Resources II, its largest holding, has bought a portfolio of oil & gas assets in North Dakota’s Williston Basin for $455m. Altogether the acquisition represents 53,000 acres and 4,000 barrels of oil equivalent per day production.
LMP has bought the Superdrug distribution centre in South Elmsall, Doncaster for £13m, equivalent to an initial yield of 7.3%. The 292,500 sq ft centre is located two miles from junction 38 of the A1(M) motorway and is fully let to Superdrug until 2025 with a break clause in 2020.
MedicX has announced that it has acquired a specialist primary care medical centre in Cardonald, Glasgow for £3.2m
Japan Residential Property has bought a 23 unit apartment building in the Toritsudai neighbourhood of Tokyo for Yen702m (£4.12m) equivalent to a 5.1% yield.
ACD has been buying back shares, subject to having available liquidity available after paying dividends and maintaining its currency hedging programme, with the aim of keeping its discount at or below a 10% discount. the Board has decided to reduce this target to 7.5%.
After announcing on 5 December 2013 that it would not proceed with its placing, open offer and offer for subscription, IGRE’s Board has been considering the future of the company. They believe it is in shareholders’ best interests to continue with the fund. Shareholders will soon be asked what they think – should the fund wind […]
PHP has made Nexus Tradeco its sole advisor as Nexus will take on non-property services from JO Hambro Capital Management. At the same time, PHP has renegotiated its property advisory fee to reflect the recent growth of the business. The overall fee will fall. Old fees were: First GBP50 million 0.5500% Between GBP50 million and GBP350 million 0.4125% […]
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