Ludgate Environmental has released its interim results for the six months to the end of December 2013. Over the period Ludgate’s NAV fell from 82.7p to 70.7p. 5p of the fall is accounted for by a special dividend of 5p paid in December. Much of the rest of the fall, as reported on 17 January, […]
SEGRO European Logistics partnership, a vehicle that SEGRO owns 50% of and manages, is acquiring a portfolio of 14 logistics assets located across Germany, Poland and France for €472m. The whole portfolio comprises 679,000 sqm of lettable space (including one facility under construction) and 51ha of development land in Germany. Excluding the property being built (which they […]
Green REIT has released its first set of interim results covering the period from when it was incorporated on 24 June 2013 to 31 December 2013. GRN raised €310m in July and by the end of the year invested €214m of that, another €10m was lost to the expenses of raising the money. The EPRA […]
Over the year ended 30 November 2013 Throgmorton managed to generate a 52.3% total return to shareholders as the NAV returned 40.1% and the discount narrowed. The equivalent return on the Numis Smaller Companies plus AIM (excluding investment companies) Index – THRG’s benchmark – was 31.6%. the performance was good enough to generate a performance […]
Following last week’s announcement of a dispute between ARC Capital and its manager, ARCH has today announced that the manager has resigned with immediate effect. ARC Capital say though that they understood that the manager had to give them six months notice under the terms of the management agreement.
Origo issued 60m convertible ZDPs in March 2011. These mature in September 2017 and, according to the articles says Origo, on a change of control of Origo these are automatically convertible into ordinary shares. Following an acquisition, Brooks Macdonald Group controls 85.7% of the convertible ZDPs. Brooks Macdonald say they should have an option to redeem the convertible ZDPs on a […]
Schroder Real Estate has bought Morgan Sindall House in Rugby for £3.95m (an initial yield of 8%) and sold its stake in the Merchant Property unit trust (which holds a portfolio of Travis Perkins builders merchants) for £3.25m
JP Morgan US Smaller Companies investment trust is planning to try to raise some more money and split its shares so that for each existing share shareholders will get ten new ones. The Board is asking shareholders to approve the issue of new shares up to an amount equivalent to 20% of the existing share […]
The Ottoman Fund has sold 505,694 sqm of land at $101 sqm for a total of $51m and given the buyers the chance to buy the remaining land for a further $32m. Tax on the sale of the initial parcel is estimated at $1.3m and in due course the Board say they will announce a […]
Northern Investors will return £14.1m to shareholders via a tender. Shareholders must apply to take part by 11am on 28 February, the tender will hopefully be approved at a meeting on 3 March and tendering shareholders will get their cash on or after 7 March
