Over the year to the end of November 2013 DIL2’s NAV rose by 2.82%. The portfolio was over 50% invested in cash at the end of the period. Shareholders on the register on 28 January 2014 will have the option to redeem up to 15% of their shareholding at NAV less 2.5%. Cheques will be […]
GCP Infrastructure has invested just shy of £5m in loan notes with a yield of 9.3% at 20 year maturity. The borrower is GCP Rooftop Solar 4 Limited – a portfolio of domestic solar panel installations installed by A Shade Greener. The loan will be serviced from income derived from the Government’s Feed-in-tariff scheme. The […]
Like for like occupancy up 30bps to 97.1% 525,000 sq ft of lettings or renewals in Q3 with rent 5.3% ahead of ERV – split 386,000 sq ft retail and 139,000 sq ft offices. £405m of disposals including Eastgate in Basildon and a further £200m in the pipeline. £196m of acquisitions including £83m of Sainsbury’s […]
The EDIN Board has appointed Mark Barnett as manager of the fund with immediate effect, keeping the management contract at Invesco Perpetual. EDIN has also cut its fee to 0.55% of the market capitalisation and no performance fee. In addition any performance fee payable for this year will be capped at £7.5m.
Over the six months to the end of December 2013, AGIT’s ordinary share NAV rose by 41% and the share p[rice by 41.2%. The zero dividend preference share NAV rose by 3.3% and its share price by 0.8%. The FTSE All-Share rose by 11.4% over the period while the Numis Small cap Index excluding investment […]
ND Distressed Debt is proposing to create a new class of shares. This new “Global” portfolio will invest in the global distressed debt market with a particular focus on Europe and North America. The manager will have until 31 March 2017 to invest the issue proceeds and after this date all capital and profit from […]
FSFL has announced that it expects all its IPO proceeds to be invested in fully operational and grid connected assets by the end of Q1 2014. The company’s largest asset, Wymeswold in Leicestershire (pictured), is generating electricity at rates 15% ahead of target. Foresight also say that they are on-track to pay the planned 6p per […]
DIVI’s interim accounts covering the six months ended 30 November 2013 show its net asset value rising by 19.2% – a good result when compared to the FTSE All-Share Index (up 2.1% or the FTSE Small cap ex Investment companies (up 15.9%). This translated into a 21.6% return for shareholders as the shares finished the […]
International Public partnership is buying all but 3% of a PPP project that is building a 55,000 sqm office for the Federal German Ministry of Education & Research in Berlin (estimated completion is July 2014). The cost to INPP is €11.9m.
LMP has sold its Odeon Multiplex in Dudley for £7.7m, equivalent to a yield of 5.95% (falling to 5.8% in June). LMP bought the cinema as part of a package of ten. these were acquired in November 2013 for £80.6m, equivalent to an initial yield of 7.2%.
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