Empiric Student Property has announced that it has agreed a new unsecured term loan facility of £10 million with First Commercial Bank Limited. The Facility is available to draw down in full over the next 12 months. It is repayable three years from the date of agreement with an all-in cost of 2.15% per annum. […]
Espiris, the investment manager of Electra Private Equity (Electra), has announced that it has the completed the sales of Parkdean Resorts and Innovia Group. Parkdean resorts has been sold to Onex Corporation for £1.35 billion and Electra has received proceeds from the sale of £406 million. Together with proceeds previously received, Electra’s total proceeds from […]
Custodian REIT has announced that it has acquired a high street retail property in Chester, let to Signet Trading Limited (t/a Ernest Jones) and Feldale Retail Limited (t/a Lakeland). The property is located in the city centre on the pedestrianised Eastgate Street, adjoining two other units in the Company’s portfolio. The agreed purchase price of […]
Henderson International Income Trust (HINT) has announced that, further to its announcement on 10 February 2017 of a possible issue of equity, that in the light of positive feedback from existing and potential new shareholders, HINT’s board has decided to proceed with an issue of C shares. It says that existing shareholders will be given […]
Further to their announcement that they were in discussions regarding the potential sale of the Leadenhall Building (affectionately known as The Cheese Grater), British Land and Oxford Properties have announced that they have exchanged contracts for the sale of The Leadenhall Building, to C C Land, for a headline price of £1.15 billion. Completion is […]
HgCapital Trust has announced its annual results for the year ended 31 December 2016. During the period, the Trust provided an NAV total return of 19% and a share price total return of 43%, which it says compares to return on the benchmark of 16.8%. The Trust says that the increase in VA is primarily […]
3i has announced that it completed the sale of 3i Debt Management to Investcorp. The transaction generates total cash proceeds to 3i of £270 million, of which £34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million, which […]
Blackstone / GSO Loan Financing has announced the result of its placing of Euro ordinary shares, which were issued under its placing programme. The Placing raised €72.8m (before costs and expenses) through the issue of 71,380,746 new Euro ordinary shares at a price of €1.02 per share. The Placing price represents a premium of approximately […]
Sirius Real Estate’s shares have been admitted to the premium segment of the London Stock Exchange’ main market for listed securities and have transferred from the Alt-X market of the Johannesburg Stock Exchange to its Main Board. SRE’s board expect this to have a number of benefits including: a more appropriate platform for the continued […]
BP Marsh & Partners has announced details of a share buyback policy. The company says that it is its ‘custom and intention, when the share price drops to more than 25% below its published Net Asset Value, to buy small parcels of shares and place them into Treasury and decide at a later point what […]
