John Laing Environmental Assets (JLEN) has announced that it is proposing to raise £25m by way of an initial placing under its placing programme, the prospectus for which was published on 16 December 2016. It intends to use the net proceeds to fund a near term pipeline of opportunities across the Solar, Wind and Biomass […]
Dolphin Capital Investors (Dolphin) has announced that it has entered into an agreement for the disposal of its 60% interest in Pearl Island, a private island development off the coast of Panama, to Grivalia Hospitality S.A. (Grivalia). Dolphin is to receive a cash consideration of €27m, before related tax and fees, which it says represents […]
Redefine International (RDI) has announced that it has completed the sale of four German office assets for a gross consideration of €106m. The assets, which it says were disposed of via a share sale, were held in a joint venture with the Menora Mivtachim Group (Menora). RDI has earned an IRR of 27% on the […]
Juridica Investments (JIL) has announced that it has been informed of a change in ownership at Juridica Asset Management Limited (JAML), its investment manager. It says that, effective 11 January 2017, Richard Fields, founder and sole owner of JAML, sold the entirety of his interest to John Sicilian. John Sicilian and William Yuen previously had […]
On 29 November 2016, Acorn Income Fund’s (AIF’s) Board announced proposals including the extension of the life of the existing ZDP Shares to 28 February 2022; a Continuation Offer to ZDP Shareholders whereby such holders were given an opportunity to either receive their 2017 Final Capital Entitlement in cash on 31 January 2017 or to […]
Empiric Student Property (Empiric) has announced that it has acquired the freehold of a 220 bed student accommodation scheme, Foss Studios, in York for £23.3m (excluding costs). Empiric says that Foss Studios was completed for the 2015/16 academic year and comprises 220 large, well specified, studio rooms across three purpose built buildings. The scheme is […]
Standard Life Investments Property Income Trust has announced that it has completed the sale of The Quadrangle, in Cheltenham, for £11.075m. The Quadrangle is a 1970s office block that extends to approximately 58,900sqft. The Trust acquired The Quadrangle in Dec 2015 as part of the Pearl portfolio for £10.05m including costs. The property was single […]
Picton Property Income has announced that it has disposed of two small, non-core retail assets in Bath for a total of £3.23m. The sale price reflects an aggregate net initial yield of 4.7% and a 29% premium to the 30 September external valuation. The company says that the disposals of 2 Bath Street and 6 […]
Vietnam Infrastructure (VNI) has announced that it has received its first payment of US$47.5m in cash, pursuant to the sale and purchase agreement to transfer 100% of VNI’s holding in Southeast Asia Telecommunications Holdings Pte. Ltd. (SEATH) to OCK Vietnam Towers Pte. Ltd (OCK). VNI says that it expects to receive its second and final […]
Amedeo Air Four Plus has announced that it has raised £130m from the second placing under its current placing programme. Under the ‘new placing’, which was oversubscribed, 125,000,000 new ordinary shares are being issued at an issue price of 104 pence per new share. Amedeo Air Four Plus to purchase two new A380s The company […]
