NextEnergy Solar Fund has announced that it has exchanged agreements to purchase three plants, Ellough Solar 2, Decoy and Hall Farm, with capacity of 18.0MWp and an investment value of £18.1m. The 8.0MWp Ellough Solar 2 will be an extension of the company’s existing Ellough plant (pictured). The plant is expected to be connected ahead […]
Global Resources Investment Trust has announced that a fall in its net asset value, to 34.58p per share, means that its total assets equate to 3.94x the value of its convertible. One of the covenants that GRIT has been obliged to abide by, since the convertibles were issued, is that the asset cover on the convertibles should not […]
Assura has announced the acquisition of Abbey Healthcare Group Limited and Abbey Healthcare Property Investments Limited from its former shareholders Peter Archer and Gina Archer. As part of the consideration, payable under the terms of the acquisition, Assura has agreed to issue to the Sellers 2,229,072 ordinary shares to the sellers. Based on the closing […]
British Land has announced that it has let the first floor of Marble Arch House (pictured) to Cirrus Logic, a provider of analogue and digital signal processing equipment. This follows deals announced earlier this year to let the fourth and second floors to BXR Partners LLP (private investment) and GTECH (global gaming technology). Existing tenants include […]
Real Estate Investors has announced the acquisition of three properties located in the West Midlands for £22.23m. The acquisitions provide a net initial yield of 8.22% with a weighted average unexpired lease term (‘WAULT’) of 8.49 years. The properties produce a total annual rental income of £1,932,995 and the company says that there are a […]
Custodian REIT has announced that it has acquired the ground floor and part of the first floor of a leisure development in Abbey Sands, Torquay (pictured). The investment comprises four food and drink outlets on the seafront, close to the marina and town centre, let to Le Bistro Pierre Limited, Las Iguanas Limited, Loungers Limited […]
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 […]
