LondonMetric Property has announced that it has exchanged contracts on the sale of its freehold Odeon Multiplex Cinema, in Taunton, Somerset, for £9.1m. The purcasher is the Asda Pension Fund and the sale price reflects a net initial yield of 5.5%. The eight screen, 27,000 sq ft cinema is let to Odeon Cinemas Ltd for a […]
Ranger Direct Lending, which listed on the London Stock Exchange on 1 May 2015, has announced its annual results for its initial period from 10 April 2015 to 31 December 2015. During the period, the company’s NAV grew by 2.45%, whilst its share price grew by 2.50%. The company also paid 8.36p per share providing a […]
Acorn Income Fund has released its annual results for the year ended 31 December 2015. During the year, the company’s gross asset portfolio performance (adjusted for share issuance and buybacks) provided a total return of 17% outperforming the small cap indices. The Ordinary Share net asset value total return was 22.1%. The company says that […]
3i Infrastructure has announced that it has signed an agreement to acquire a 36% economic interest in Wireless Infrastructure Group, investing approximately £75m and joining existing majority shareholder Wood Creek Capital Management and the management team as shareholders. Completion of the transaction is conditional only upon receiving clearance from the European Commission under the EU […]
Further to its announcement on 18 March of the board’s intention to put proposals to shareholders for a manage wind-down of the trust, Dunedin Enterprise has now announced its proposals. Is summary, a general meeting is being convened for 11 March for the purpose of putting proposals to shareholders to change the trust’s investment policy […]
Empiric Student Property has announced that it has entered into a nomination agreement with the University of Bath in respect of three operating properties and two forward committed assets in Bath. The three operating properties are Piccadilly Place (pictured), Canal Bridge and Widcombe Wharf, whilst the two forward committed assets (due for completion in September 2016) […]
Baring Emerging Europe, managed by Matthias Siller (pictured) has announced that that an agreement has been reached with Baring Fund Managers Limited to remove the performance fee element of the management agreement with effect from 31 March 2016. Under the previous arrangement, Barings was entitled to a performance fee payable at the rate of 10% […]
BH Macro has announced that it proposes to make a tender offer to acquire up to 25% of the issued shares of each share class of the company. The company says that it is making the tender offer in order to provide shareholders with an opportunity for more liquidity than is offered by on-market purchases […]
Empiric Student Property has announced that it has acquired the freehold of a 44 bed student accommodation property, Stonemason House, in Oxford for £4.5m (excluding costs). Stonemason House, which is the company’s first acquisition in Oxford, was built in 2011 as a new build scheme in time for the 2011/12 academic year. The property comprises […]
Merchants Trust, managed by Simon Gergel (pictured) has announced its annual results for the year ended 31 January 2016. In what its Chairman, Simon Fraser, describes as a difficult year for equity markets, the trust has provided an NAV total return of -5.0% thereby modestly beating its FTSE All-Share benchmark, which provided a total return of […]
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