Redefine has sold St. Anne’s House, Croydon (an empty 75,000 sq ft 1960’s office building with planning permission to convert into a 144 bedroom hotel and 46 residential units) for £8.4m – that is £3.4m than the value Redefine ascribed to it in its valuation at the end of August 2013.
Qatar Investment Fund has released its Q4 2013 report (not its annual results). Over 2013 the NAV rose by 25.5%, just behind the Qatar Exchange Index which rose by 26.2%.
FMPI has announced its interim results covering the six months ended 30 November 2013. The net asset value returns for the period were 2.9% for the Income shares and 7% for the Growth shares. This compares to a 3.9% return on the FTSE All-Share Index and 3.1% on the FTSE Equity Investments Index. The Board say […]
Hg Capital is acquiring Zenith Vehicle Contracts, one of the UK’s leading independent leasing, fleet management and vehicle outsourcing businesses. In total HGT will contribute £21m to the purchase price (as Zenith is acquired by a range of funds managed by Hg Capital). After this deal, using the figures announced as at the end of […]
Eastern European Property Fund has sold the Yellow Building and Asmali Cumba (buildings in Asmalimescit Street, Beyoglu, Istanbul). The properties fetched $1.6m – about 2% lower than the valuation on 30 June 2013.
Dragon Ukrainian Properties is calling an extraordinary general meeting on 17 February 2014 to put a set of proposals to shareholders. First it plans to make no new property investments, to sell “as quickly and effectively as the Ukrainian property market will allow” the existing portfolio and return the proceeds to shareholders. DUPD also hopes to change […]
BLND has announced that it has sold the Eastgate centre in Basildon, a 700,000 sq ft shopping centre, for £88.6m.
NB: one important disclosure – James Carthew, the author of this post, is a director of GLIF. GLIF’s Net asset value at the end of December fell to 50p from 51.8p at the end of September 2013 – mainly down to a fall in the value of GLIF’s US$ denominated CLO investments. A number of significant […]
LAND’s Q3 statement does not include a new NAV – they only value their properties twice a year – but it does states they have signed £7.3m of lettings in new developments and have a further £7.9m of lettings in solicitors’ hands. LAND have started £243m of new developments at 1 New Street Square and […]
SREI’s NAV increased from £161.6m to £168.5m over the final quarter of 2013 – the NAV per share increased from 45.4p to 47.3p – mainly driven by a 3.4% increase in the underlying property valuation.
