GCP Infrastructure is investing c£5m via an issue of notes from GCP Rooftop Solar 4 Ltd which will use the money to finance a portfolio of domestic rooftop solar panel installations in England. The notes are for a 20 year term and yield 9.3%.
Sebastian Luparia is stepping down as co-manager of JP Morgan Brazil to take up another role within JP Morgan. He will be replaced by Sophie Bosch de Hood (pictured) from JP Morgan’s Latin American team. Luis Carrillo is staying on as the other co-manager.
Starwood European Real Estate Finance is providing a €14.3m facility to enable the purchase of an office building in Amsterdam fully occupied by UPC Nederlands. They say the return on the facility will be ‘solid single digit’. With this deal, SWEF has now made eight investments adding up to a total value of £168m or 72% of net […]
Over the year ended 31 December 2013 LMS capital’s net asset value rose from 85p to 88p. £35m was handed back to shareholders via a tender offer, funded by £44m of cash exits from portfolio positions.
Richard Plackett, manager of BlackRock Throgmorton, will take a six month sabbatical starting 1 April 2014. Ralph Cox (manager of BlackRock UK Smaller Companies fund) is taking over responsibility for the CFD portfolio
Foreign & Colonial Investment trust has released its results for the year ended 31 December 2013. In total return terms, the net asset value returned 21.4% vs. 21.0% for the FTSE All-World Index. At the same time F&C has announced that Jeremy Tigue is stepping down as manager of the fund at the end of […]
The Board of Scottish Mortgage, led by John Scott (pictured), has negotiated a reduction in the management fee from 0.32% to 0.3% on total assets less current liabilities.
Aurora Russia has sold its interest in OJSC Flexbank for RUR189.1m (£3.2m) gross = RUR172.2m (£2.9m) after expenses. At the same time mortgages held by Flexbank with a nominal value of £2.4m have been transferred to another Aurora Russia subsidiary, Kreditmart Finance Limited and these will be sold in due course (possibly at a discount […]
Qannas Investments Limited has announced that it has sold a 29,000 sq ft plot in the Reem Island project, off the coast of Abu Dhabi, for AED22.7m. The plot was bough for AED12.0m in May 2013. One pound = 6.14 UAE Dirhams so the profit on the deal is £1.74m
F&C UK Real Estate has sold two properties – Swift House, Cosford Lane, Rugby – an industrial property let to Premier Foods – and Unit 1, King George Close, Romford – an industrial property let to Crystal Windows and Doors. The Rugby property fetched £5.25m against a £5.3m end December 2013 valuation and the Romford […]
