Summit Germany has announced two deals. For the largest of these they are paying €45.5m to acquire a loan facility with a face value of €74m secured against 11 properties that Summit Germany used to own. Effectively Summit will now control these properties. The portfolio consists of nine office buildings and two retail properties with a total lettable area […]
Picton Property has announced that it is buying a 335,000 square feet distribution warehouse in Grantham, Lincolnshire for £11.48m. The property produces a rent of c£3 per square foot (£1m per annum) and it is secured against The Random House Group (the publisher).
Duet Real Estate Finance has announced results for the year ended 31 December 2013. The net asset value fell from 98.5p to 93.5p but Duet real Estate finance paid dividends totalling 10p for the year so the total return on the net asset value was 5.1%. The share price fell from 90.5p to 86.5p and […]
Martin Currie Global Portfolio underperformed its benchmark over the year to the end of January 2014 as the net asset value total return was 8.1% and the FTSE World Index return was 10.5%. The discount narrowed however so the share price total return was 9.8%. Dividends, now paid quarterly, totalled 4p for the year, 2.6% […]
Aberdeen Latin American Income has published its interim results for the six months ended 28 February 2014. Its net asset value fell by 9.1% in total return terms, underperforming its benchmark which fell by 7.2%. (The benchmark is a composite of the MSCI Emerging Markets Latin American 10/40 Index and the JP Morgan Global Bond Index – […]
Henderson Global Trust, now managed by Wouter Volckaert (pictured), underperformed its benchmark over the year to the end of January 2014. The net asset value total return was 4.7% while the total return on the benchmark was 9.2%. The discount widened from 3.8% to 9.4% and the effect of this was that the share price fell by […]
Merchants Trust has released its results for the year ended 31 January 2014. The fund is 125 years old this year so the annual report (which you can access from the Merchants Trust page by clicking the link) dwells quite a bit on the fund’s progress since 1889. 2013/14 was not a bad year for […]
Chelverton Growth Trust has released its results for the six months ended 28 February 2014. Over that period the net asset value per share increased from 44.87p to 49.98p, an increase of 11.4%. In the same period the Company’s benchmark index, the MSCI Small Cap UK index increased by some 17.2%. The Chairman attributes the underperformance to the volatility of […]
Bluefield Solar has announced that most of its solar plants are now operational – only Cefn Betingau in Glamorgan and Sheppey in Kent are yet to be connected and Bluefield Solar believes this will happen this month. The upshot of this is that Bluefield Solar’s directors feel confident that it will meet its objective of […]
Foresight Solar is acquiring a 12MW solar plant at Spriggs Farm close to Stansted airport. This was not one of the deals projected to occur in Foresight Solar’s prospectus. The Company says it is now 80% invested and this will shortly rise to 93% with the acquisition of Holsworthy (which was in the prospectus). Foresight Solar […]
