VPC Specialty Lending has announced that, in light of the significant disparity between the Company’s share price and its Net Asset Value per share, it will commence a share buyback programme. As at the date of the announcement (22 December 2016), the Company says that its shares are trading at a 17.9% discount to net […]
Tritax Big Box REIT (Tritax) has announced that it has exchanged contracts (conditional on receiving planning consent) to provide forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The two facilities are pre-let in their entirety under two separate leases to Howdens Joinery Group Plc (Howdens) and the investment […]
Custodian REIT has announced the purchase of two properties – one in Liverpool, for £6.4m, and one in Stoke-on -Trent for £4.855m. Both purchases have been funded from the company’s existing debt facilities increasing its loan to value to 18.0%. The Liverpool property is a 34,686 square foot unit on Hanover Street, which is located […]
F&C Commercial Property Trust has annnounced that, on 22 December 2016,it completed the sale of its Freehold interest in 25 Great Pulteney Street, London W1 for £54.4m, which reflects a net initial yield of 3.95 per cent. 25 Great Pulteney Street is a seven-storey building, which the trust says provides high quality, contemporary, Grade A […]
Electra Private Equity has announced the final results of its tender offer, details of which were set out in the circular to shareholders published by on 8 November 2016. The strike price is 4,650 pence and a total of 1,987,768 ordinary shares were validly tendered and, accordingly, all valid tenders will be satisfied in full. […]
EPE Special Opportunities has announced that it intends to commence purchasing its ordinary shares and that the transactions will be in line with the Company’s stated policy to pursue Share Buy Backs. The proposed Share Buy Backs will be funded by the Company’s cash reserves. The Ordinary Shares will be purchased by a wholly owned […]
JPMorgan Asian Investment Trust has announced proposals to change its discount management and dividend policy. The trust says that its board has been disappointed and concerned by the widening of the Company’s discount over the year particularly against the background of exceptional investment performance. The trust has a continuation vote at its AGM on 2 […]
Summit Germany has announced that it has sold a property located in Hamburg for a cash consideration of €14 million. It says that the property is a vacant office building, following lease expiry in September 2016, and that the proceeds from this disposal are in line with the last independent property valuation and will be used […]
John Laing Infrastructure Fund (JLIF) has announced that it has signed a Sale and Purchase Agreement with respect to an indirect 6% minority shareholding in the Intercity Express Programme Phase 1 (IEP) project, from John Laing Investments Limited. The Company says that the total consideration for the acquisition will be approximately £42.4m, which will be […]
Riverstone Energy has announced that it has sold its entire CAN$ 28m second lien loan (approximately US$ 21 million) interest in Canadian International Oil Corp (CIOC) to an affiliate of Kendall Family Investments, LLC. The consideration payable by the Kendall Family Investments affiliate reportedly reflects the par value of the loan. Riverstone Energy says that […]
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