John Laing Environmental Assets has announced the acquisition of a 4.2 MWp solar energy generation portfolio for £18.8m. The portfolio comprises 796 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The portfolio benefits from the UK feed-in tariff for 25 years from the date […]
Seneca Global Income & Growth Trust, managed by Alan Borrows and Simon Callow (pictured), has announced that it has put in place a two year short term rolling debt facility of £7m. The new facility replaces the two year short term rolling debt facility which expired on 31 October 2015. The margin on the new facility is […]
Electra Private Equity has published the text of a letter it is sending to its shareholders in response to Sherborne’s latest requisition. Rather than cut and paste it, we have attached a pdf of the response here: 151021 Electra Private Equity Plc – RNS ELTA : Electra responds to Sherborne requisition
Hammerson has announced the successful launch of a £350m bond that matures in 2025. The bond has an annual coupon of 3.5% and the company says it was priced at 1.73% over the reference gilt rate. However, the company then entered into a transaction to swap the sterling bond nominal amount and coupon payments into […]
NextEnergy Solar Fund has announced the acquisition of three operational assets with a combined investment value of £22.1m. These are the 11.5MWp North Farm solar power plant in Dorset for £14.5m, the 5.0MWp Birch solar power plant in Essex for £5.3m and the 1.8MWp Thurlestone Leicester rooftop solar power plant portfolio in Leicestershire for £2.3m. […]
Alpha Pyrenees has announced a new extension of its loan facilities with Barclays Bank PLC to 15 April 2016. The maturity date for its borrowings (€257.8m) was 15 October 2015. The company says that current interest rates will continue to apply to the facilities during the new extension period. Arrangement fees (charged at 2% per […]
Back in July 2015, Dexion Absolute announced that, if any class of its then share classes (Sterling, Euro and US Dollar) traded at an average 5% discount or wider for the three months from 1 July 2015 to 30 September 2015 or from 1 January 2016 to 31 March 2016, the board would put forward […]
The Qatar Investment Fund has announced a proposed tender offer to purchase up to 14% of the company’s issued share capital. The tender price will be a 1% discount to the Formula Asset Value on the 2 December 2015 with the results of the tender offer announced on 7 December 2015. The board says that […]
Sanditon Investment Trust has published its first annual report for the period 14 May 2014 to 30 June 2015. The trust aims to return 2% above the UK retail price index and provide low correlation with equity markets. The trust finished the year with its NAV at 103.02p, just below its objective, but the board […]
Custodian REIT has announced the acquisition of Lancaster House (pictured), an office building in Birmingham City Centre for £6.65m. The 39,600 square foot, recently refurbished, building is currently let to 15 tenants with a total passing rent of £505,752 per annum, reflecting a net initial yield of 7.19%. The company has said that there is […]
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