In QuotedData’s morning briefing 22 August 2022: AEW UK REIT (AEWU) has sold 225 Bath Street, Glasgow for £9,300,000. Planning consent has been gained by new owners IQ for the demolition of the property and development of a 527-unit student accommodation scheme. The sale agreement required AEWU to negotiate with tenants to bring the asset […]
In QuotedData’s morning briefing 17 August 2022: Riverstone Energy (RSE) has posted its interim results for the six months to 30 June 2022. During this time, the trust’s NAV increased by 22% in sterling terms and 10% in US dollar terms while its cash balance finished the period at $72m and remaining potential unfunded commitments […]
Foresight Sustainable Forestry hits IPO allocation target nine months after launch – Foresight Sustainable Forestry (FSF) has announced the acquisition of three afforestation sites near Huntly, Scotland, for £3.4m (inclusive of tax and other transaction costs). The three properties, Ness Bogie (128.6 hectares), Ream’s Hill (37.6 hectares), and Brown Hill (30.8 hectares), are all located […]
In QuotedData’s morning briefing 15 August 2022: Seraphim Space (SSIT) holding D-Orbit, a market leader in space logistics and orbital transportation services, and Breeze Holdings have mutually agreed to terminate their previously announced merger agreement effective immediately. Both companies have agreed that financial markets have changed substantially since the proposed transaction was originally agreed upon […]
Earlier this week the board of the Independent Investment Trust (IIT) announced plans to merge the company with Baillie Gifford’s Monks Investment Trust (MNKS). IIT’s shareholders can opt for a full cash realisation or choose to have their money rolled over into Monks (so would not be subject to capital gains tax), which follows similar […]
CT Global Managed Portfolio underperforms benchmark during tough year – CT Global Managed Portfolio has posted its annual report covering the 12 months to 31 May 2022. During the period, Columbia Threadneedle Investments acquired BMO’s EMEA asset management business, which included the company’s manager, BMO Investment Business Limited. Consequently, a change of name for the […]
In QuotedData’s morning briefing 10 August 2022: abrdn European Logistics Income (ASLI) has signed the purchase agreement for the acquisition of the recently completed warehouse extension at Waddinxveen, in the Netherlands, for a total net purchase price of €4.9m. ASLI exercised its right of refusal over this development located directly next to the existing warehouse […]
SEED Innovations boosts investment in South West Brands – SEED Innovations (SEED) has invested a further £50,000 in South West Brands Limited, a London-based company that builds and commercialises the “wellness and beauty brands of the future”. The investment is by way of a three year, 8% Convertible Loan Note as part of a funding round […]
In QuotedData’s morning briefing 8 August 2022: Aberdeen New India (ANII) has entered into a new three year revolving credit facility of £30m with The Royal Bank of Scotland International, which replaces its £30m loan facility (also with RBSI), which matures on 5 August 2022. £30m of the facility has been drawn down and used […]
NextEnergy Solar secures subsidised UK solar contracts – NextEnergy Solar (NESF) has secured additional subsidised solar contracts in the UK comprising contracts on 86MW of planned additional capacity through the fourth Contracts for Difference (CfD) Allocation Round (AR4) announced last month. The CfDs have been secured for 100% of the generating capacity of Whitecross (36MW) […]
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