Ediston Property has announced that the acquisition of Plas Coch Retail Park in Wrexham for £22.4m (net of acquisition costs) from Diageo Pension Trust. The acquisition, which provides a net initial yield is 6.52% (rising to 7.35% in March 2016 on expiry of a rent-free period), will be funded from existing cash resources and completion […]
Riverstone Energy has announced that it’s placing and open offer, which has raised the full £67.6m. The company announced its intention to raise £67.6m, through the issue of up to 8,448,006 new ordinary shares at £8.00 per share on 23 November 2015. The intention was to use the proceeds to increase its stake in portfolio […]
Tritax Big Box REIT has announced that it has completed the purchase of Matalan Retail’s Northern Distribution Centre at Knowsley Business Park, Liverpool, for £42.38m (net of acquisition costs). This reflects a net initial yield of 6.27% on the acquisition, which is being funded out of equity proceeds, with senior debt finance expected to be […]
Hansa Trust has announced its interim results for the six-months ended 30 September 2015. During the period, the trusts NAV fell 4.1% on a total return basis. The company says that, excluding the Brazil-focused Ocean Wilsons Holdings, the Company’s NAV fell 3.6%. This compares to a return of 1.7% for the benchmark, which is absolute […]
MedicX fund grows post 8.3% NAV growth during the year MedicX Fund has announced its interim results for the year ended 30 September 2015. During the period, the company’s EPRA NAV increased by 5.4p to 70.8p per share, an increase of 8.3%. The company’s EPRA earnings were £13.4m. This is an increase of £4.7m or […]
Japan Residential Investment Company has announced that the third party, with which it has been in discussion with, regarding a potential bid has advised that it is no longer interested in making an offer for the company. On 13 November 2015, Nikko III Pte. Ltd. and Japan Residential Investment Company announced that they had reached […]
A new Japan focused investment trust, CC Japan Income & Growth Trust, has announced that it has raised gross proceeds of £66.5m from its first placing, offer for subscription and intermediaries offer. The net proceeds of this first issue are expected to be approximately £65.3m. The shares, which were issued at a price of 100p […]
Ground Rents Income Fund has announced its annual results for the year ended 30 September 2015. The NAV per share at 30 September 2015 was 114.2p (2014: 104.3p), an increase of 9.5%. Profit before tax (including a £9.19m valuation gain) was £12.5m for the period (FY 2014: £4.7m (which included a £2.62m valuation gain). Basic […]
Lowland, managed by James Henderson (pictured), has released its annual results for the year ended 30 September 2015. In what the board describe as a difficult year, the company’s NAV total return rose 0.8%, beating its FTSE All-Share benchmark, which fell 2.3%. The share price opened the year at a small premium, but closed at a […]
Alpha Real Trust has announced the purchase of a residential development site, in central Leeds, for £3.75m. The “Monk Bridge” site has planning consent for 269 residential apartments over 140,000 net saleable square feet with potential for ground floor commercial development within existing disused railway arches. The company says that, like it purchase of the […]
