Real Estate Credit Investments (RECI) has announce that it has conditionally raised £25.26m through a placing of 15,546,613 new ordinary shares, at a price of 162.5p per share. RECI says that it intends to utilise the net proceeds of this initial placing to invest primarily in debt secured by commercial or residential properties in the […]
Foresight Solar Fund Limited (FSFL) has announced that it has acquired a 100% interest in a 49.6 MW operational UK solar asset, Sandridge solar farm, located in Wiltshire (Sandridge). The acquisition is its second largest to date and its second acquisition of 2017. Accredited for 1.3ROCs Sandridge was connected to the National Grid in March […]
HICL Infrastructure Company Limited has announced a fund raising with a target size of £205m that comprises a placing, open offer, offer for subscription and intermediaries offer at an issue price of 159.0p per New Ordinary Share. The Company has published a prospectus relating to the Issue and says that this and a circular will […]
Industrial Multi Property Trust (IMPT) has announced its annual results for the year ended 31 December 2016. During the period, the company’s NAV per ordinary share increased by 17.9% to 298.5p (2015: 253.2p), whilst its adjusted NAV per share increased by 18.0% to 307.4p (2015: 260.6p). The company says that the increase in the NAV […]
Tritax Big Box REIT (Tritax) has announce that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution centre at Signia Park, Didcot, Oxfordshire. The development is pre-let to Hachette UK Ltd (Hachette UK), a UK publishing company whose ultimate parent is Lagardere SCA. The […]
GCP Student Living has announced the results of its ‘oversubscribed issue’. The Board says that it has received applications from investors substantially exceeding the target gross proceeds (in excess of £60m) and, in light of the available investment opportunity in a prime central London location, it has resolved to accept applications in respect of 57,545,195 […]
Menhaden Capital (Menhaden) currently operates with a dual listing on both the London Stock Exchange and the Social Stock Exchange segment of the NEX Exchange Main Board. Menhaden’s board says that, having consulted with its advisers, it has decided to seek to cancel the company’s secondary listing on the NEX in order to achieve operational […]
Hammerson has announced its annual results for the year ended 31 December 2016. The company describes the period as being one of, “robust operational performance across all parts of the portfolio”. During the period, net rental income increased by 8.8% to £346.5m and adjusted net profit increased by 9.9% to £230.7m (IFRS profit fell by […]
SQN Asset Finance Income Fund (SQN) has announced its interim results for the year ended 31 December 2016. During the period, the company’s ordinary share NAV decreased by 0.01% but the ordinary shares are paying a monthly dividend equivalent to 7.25% of NAV annually and, in October 2016, the c-shares achieved a level of income […]
Herald Investment Trust has announced its annual results for the year ended 31 December 2016. During the year, the Trust’s NAV increased by 22.8% to 1,083.2p per share, whilst the share price increased by 18.4%. This reflected a widening of the discount, over the year, from 15.5% to 18.5%. The Trust says that during the […]
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