In QuotedData’s morning briefing 27 August 2021: Primary Health Properties (PHP) has acquired the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for a total consideration of £40m. The Townside Primary Care Centre is a substantial purpose-built primary care hub fully let to NHS Property Services and a pharmacy. The office accommodation is also fully […]
Greencoat Renewables calls EGM to consider new investment policy – Greencoat Renewables (GRP) has called an extraordinary general meeting, to be held next month, to consider proposed amendments to its investment policy. The amendments include adding Spain and Portugal to its definition of ‘other relevant countries’ and to clarify that investments in assets under construction or […]
British Land shares update on new strategy – British Land (BLND) has today published an update on its strategic progress, after first announcing its new business model and strategy in May 2021. Since highlighting its plans to “more actively focus capital on competitive strengths in development, active management and repositioning assets [by] investing behind campuses […]
In QuotedData’s morning briefing 26 August 2021: Stenprop (STP) has acquired Whitacre Industrial Park in Huddersfield and a portfolio of five MLI estates (the Duke Portfolio) across the UK, for a total consideration of £15.m. The combined purchase price reflects a net initial yield of 7.2% and a capital value of £64 per sq ft. Following these […]
AVI requisitions Third Point Investors to address ‘entrenched trading discount’ – Asset Value Investors (AVI), which manages AVI Global, along with three other shareholders in Third Point Investors (TPIL) have requisitioned the TPIL board to consider steps and actions to address its discount, as revealed in a letter published today. The key shareholders collectively own more […]
In QuotedData’s morning briefing 25 August 2021: Pershing Square Holdings (PSH) has released its half-year report for the six months to 30 June. During the period under review, it returned 7.3% in NAV terms and 4.7% in share price terms, behind its S&P 500 benchmark return of 15.2%. The discount currently stands at c. 25%, to […]
In QuotedData’s morning briefing 23 August 2021: NewRiver REIT (NRR) has completed the sale of Hawthorn Leisure REIT, which held NRR’s entire community pub business, to AT Brady Bidco for £222m. There may be a further £4m, relating to a pending insurance claim, to be received by Hawthorn following the date of completion. Net proceeds (£216m) are expected […]
Boost for Riverstone Energy’s NAV thanks to ‘stabilised macro environment’ – Riverstone Energy (RSE) has posted its half-year results for the 6 months to 30 June 2021. During the period under review, the company saw an increase in its NAV per share of 50% (in GBP terms) while ending the period with a cash balance […]
In QuotedData’s morning briefing 18 August 2021: Seraphim Space (SSIT) pipeline company, Spire Global, a leading provider of space-based data, has completed its merger via a SPAC with NavSight Holdings. The combined company has been renamed Spire Global Inc and shares have started trading on the New York Stock Exchange under SPIR. As announced at Seraphim […]
In QuotedData’s morning briefing 16 August 2021: NB Global Monthly Income (NBMI) has invested in a new 2nd lien senior secured loan from Parexel, which came to the market in July. The company helps pharmaceuticals manage and execute clinical trials. Following a 3-year turnaround plan under a new management team, NBMI believes it is well positioned to […]
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