Hansteen Holdings has announced that it has completed the disposal of its German and Dutch portfolios for €1.28 billion. The sale, originally announced on 20 March 2017, is entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the transaction has resulted in net cash […]
NewRiver REIT has announced the results of its capital raising, which was conducted as an accelerated book build. It says that subject to the necessary resolutions being passed at the General Meeting ,which is expected to be convened to be held on or around 4 July 2017, in aggregate, 67,164,179 New Ordinary Shares are to […]
Eastern European Property Fund (EEP) reported a net loss for the year ended 31 December 2016 of £1.2 million (2015: loss of £1.0 million), which it says represents a loss per Ordinary Share of 7.80p (2015: loss of 6.30p). it says that a loss of £0.8 million on revaluation of investment properties, and a realised […]
LXi REIT has announced that it has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Yorkshire. The purchase price for the Portfolio is £3.8 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company). The company says that the properties […]
Alpha Real Trust (ARTL) has published its annual results for the year ended 31 March 2017. During the period, the trust’s NAV per share grew by 15.2% to 158.9p. It also paid a quarterly dividend of 0.6p (2.4p in total for the year). Its chairman, David Jeffreys, describes the period as a, “very active year […]
LMS Capital has announced that it has been informed by the general partner of the San Francisco Equity Partners Funds (SFEP Funds) that the funds have received cash proceeds from a partial realisation of holdings in YesTo and that the general partner intends shortly, to make a distribution. LMS Capital says that, whilst it not […]
Adamas Finance Asia has announced that, further to its previous announcement on 24 February 2017 in relation to the proposed disposal of its interest in the Tian Tong Shan Villa Project, the Company’s wholly owned subsidiary, Lead Winner Limited, has received a payment of HKD$52,353,176 (approximately US$6.8 million) in final settlement of the amount due […]
Aberdeen New India Invest Trust (ANII) has announced its annual results for the year ended 31 March 2017. During the period, the company’s NAV per share rose by 34.7% to reach 487.9p. The ordinary share price rose by 40.9% to 441.5p. This reflected a narrowing of the discount to net asset value from 13.5% to […]
Seneca Global Income & Growth outperforms strongly Seneca Global Income & Growth Trust (SIGT) has announced its annual results for the year ended 30 April 2017. During the period, the trust provided an NAV total return of +19.6% and share price total return of +20.7%, both of which significantly outperformed its Libor+3% benchmark. The chairman’s […]
GCP Student Living (DIGS) is seeking to raise £70m through a placing of new ordinary shares under its 2017 Placing Programme. The company says that the placing price will be 142 pence per share, which represents a 6.75 pence discount to the closing mid-price per ordinary share on 12 June 2017 of 148.75 pence. It […]
