The board of directors of Prospect Co., Ltd. (“Prospect”) and the independent directors of The Prospect Japan Fund Limited have announced that they have reached agreement on the terms of a recommended share for share exchange offer to be made by Prospect Co. for the entire issued and to be issued share capital Prospect Japan […]
Derwent London has announced that it has let the top two floors of the tower at White Collar Factory EC1 (pictured) to Box.com, the cloud content management company. The initial rent is £2.1m per annum or £75 per square foot, which is above December 2016 ERV. Derwent London says that Box.com will occupy 28,500 square […]
Honeycomb Investment Trust (HONY) has published a prospectus in relation to a share issuance programme of up to 40 million new Ordinary Shares and/or C Shares, including a first placing of Ordinary Shares. The Company says that it has fully deployed the net proceeds of the IPO placing and the placings of Ordinary Shares undertaken […]
VPC Specialty Lending (VSL) has announced that it has agreed with its Investment Manager, Victory Park Capital Advisors, LLC to introduce of a performance hurdle in respect of the performance fees payable to the Investment Manager. With effect from 1 May 2017, the payment of any performance fees to the Investment Manager will be conditional […]
Oakley Capital Investments (OCIL) has announced that Oakley Capital Private Equity III (Fund III) has now completed the acquisition of a majority stake in TechInsights, which it describes as a global leader in the intellectual property and technology services market. Fund III has invested US$49.7 million in the business. OCIL’s indirect contribution through its interest […]
Hadrian’s Wall Secured Investments (HWSL) has announced the results of C Share Placing and Offer for Subscription, through which it has raised £45.2m. HWSL says that, in total, applications were accepted in respect of 45,194,862 C Shares, comprising 40,456,862 C Shares under the Initial Placing and 4,738,000 C Shares under the Initial Offer for Subscription. […]
Hammerson has announced that it has exchanged contracts for the sale of Westwood and Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million. The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book value. The retail parks, covering a total of 24,900 […]
UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP (TwentyFour) have announced the mandate for Oat Hill No.1 PLC, a public securitisation of Buy-to-Let mortgages originated by Capital Home Loans, purchased in February 2017 by UK Mortgages. TwentyFour, the appointed Portfolio Advisor, has mandated BofAML as Arranger and BofAML and NatWest Markets as Joint Lead […]
McKay Securities has announced its full-year results for the year ended 31 March 2017. The company describes the year as being one of, “Strong performance, delivering record rental income and portfolio value”. The company’s summary of the year’s highlights are as follows: Financial Highlights Adjusted profit before tax up 8.3% to £8.60 million (31 March […]
John Laing Environmental Assets (JLEN) has announced that, further to the acquisition of the Moel Moelogan 2 wind farm (made of the on 20 April 2017), it has made a follow-on acquisition of the Moel Moelogan 1 wind farm (pictured) for a total cash consideration of £3.0m, including working capital and the repayment of a […]
