BH Macro has announced the results of its tender offer (up to 100% for all share classes) and its shareholder meetings. In aggregate, 48% of shares in issue were tendered (41.4% of GBP, 42.3% of EUR, 69.7% of USD shares). The company says that this is within the 66.667% tender limit so the tender can […]
LXi REIT has listed on the London Stock Exchange. Its IPO has raised £138.15m before costs. The company is targeting attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets. LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the […]
Land Securities has announced that it has completed the sale of The Printworks, Manchester, to DTZ Investors for £108m. Redeveloped and reopened in 2000, The Printworks is a Manchester city centre leisure destination, covering 368,770 square feet over four floors. The site is anchored by a 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are […]
Regional REIT has announced that it has reached an agreement with The Conygar Investment Company PLC to acquire UK regional office, industrial and retail & retail distribution investment properties owned by Conygar (the Conygar Property Portfolio) which, in total, are valued at circa £129m. Regional REIT says that it will acquire the properties by way […]
Real Estate Credit Investments (RECI) has announce that it has conditionally raised £25.26m through a placing of 15,546,613 new ordinary shares, at a price of 162.5p per share. RECI says that it intends to utilise the net proceeds of this initial placing to invest primarily in debt secured by commercial or residential properties in the […]
Foresight Solar Fund Limited (FSFL) has announced that it has acquired a 100% interest in a 49.6 MW operational UK solar asset, Sandridge solar farm, located in Wiltshire (Sandridge). The acquisition is its second largest to date and its second acquisition of 2017. Accredited for 1.3ROCs Sandridge was connected to the National Grid in March […]
HICL Infrastructure Company Limited has announced a fund raising with a target size of £205m that comprises a placing, open offer, offer for subscription and intermediaries offer at an issue price of 159.0p per New Ordinary Share. The Company has published a prospectus relating to the Issue and says that this and a circular will […]
JPMorgan European Smaller Companies Trust, chaired by Carolan Dobson (pictured), has announced changes to its management fee arrangements. With effect from 1st April 2017 the investment management fee will be charged at an annual rate of 1.00% of the Company’s Net Assets on the first £400 million, and 0.85% of Net Assets in excess of that […]
Industrial Multi Property Trust (IMPT) has announced its annual results for the year ended 31 December 2016. During the period, the company’s NAV per ordinary share increased by 17.9% to 298.5p (2015: 253.2p), whilst its adjusted NAV per share increased by 18.0% to 307.4p (2015: 260.6p). The company says that the increase in the NAV […]
GCP Student Living has announced the results of its ‘oversubscribed issue’. The Board says that it has received applications from investors substantially exceeding the target gross proceeds (in excess of £60m) and, in light of the available investment opportunity in a prime central London location, it has resolved to accept applications in respect of 57,545,195 […]
