PRS REIT invests in Manchester and Merseyside – PRS REIT has announced that it has acquired three development sites, with a combined gross development cost of about £34.4m, and has purchased an additional completed PRS site for about £9.1m. Development sites to provide 238 family homes The three development sites comprise a site in Greater […]
Better Capital PCC has announced that BECAP12 Fund LP, via its subsidiary, C Bidco Limited, has entered into a conditional agreement with Gardner Aerospace Holdings Limited (Gardner), a wholly owned subsidiary of Shaanxi Ligeance Mineral Resources Co. Limited (SLMR), for the sale of the entire issued share capital of Northern Aerospace Limited (NAL) for cash […]
HgCapital, the Manager of HgCapital Trust has announced that it has sold Intelliflo, a Software as a Service (‘SaaS’) business for UK financial advisors, to Invesco, the global investment management company. The terms of the transaction have not been disclosed but it reportedly values HgCapital Trust’s investment in Intelliflo at approximately £16.8m. This company says […]
Out with Raven Russia, in with Raven Property Group – The company formerly known as Raven Russia has announced that, following approval at the company’s AGM, it has changed its name to Raven Property Group (with effect from 4 June 2018). Its ticker has also changed from RUS to RAV. [QD comment: Although no formal explanation has […]
Custodian REIT has announced that it has acquired a 77,242 square foot health and fitness centre in Lincoln, located on the A46 within a mixed use, out-of-town scheme. Businesses in the immediate vicinity include Ibis Hotel, Fayre & Square and Frankie & Benny’s. The agreed purchase price of £4.3m was funded from the Company’s existing […]
GCP Student Living has announces that it is in advanced negotiations to acquire and fund the construction of Scape Brighton. If acquired, this would be the Company’s second asset in Brighton. About Scape Brighton Scape Brighton is a large scale, purpose-built private student development located on the primary campus of the University of Brighton. Scape […]
Vinaland divests its stake in Project SDC – Vinaland has announced that it has divested its entire stake in Project SDC. The Project, which is located in Ho Chi Minh City, was acquired by Vinaland in 2007 and is designated for a commercial use development. Disposal value is 35% below its value at Vinaland’s November 2016 […]
In what its chief executive, Chris Griggs, describes as “another good year for British Land”, the company says that financial performance has been robust following significant asset sales and that it has made further strategic and operational progress, while leasing activity has been strong across the business. During the year, the completed over £1 billion […]
Global Diversified Infrastructure IPO cancelled – On 1 March 2018, Global Diversified Infrastructure Plc (GDIV) announced the publication of a prospectus in relation to a proposed IPO that included a placing, offer for subscription and intermediaries offer and the admission of its shares to trading on the main market for listed securities of the London […]
Aberdeen Emerging Markets announces tender results – Aberdeen Emerging Markets (AEMC) has announced the results of its proposed Tender Offer on 19 February 2018 (click here). The tender is to be conducted at a price reflecting a discount of 3.5% to NAV, and so will be NAV accretive for remaining holders. AEMC’s Board says that […]
