Marwyn Value Investors has announced the sale of its remaining interest in Entertainment One. The company says that, following the sale, approximately £10m will be returned to shareholders under its distribution policy for net capital gains. The £10m is in addition to the £5.3 million still to be returned following the initial disposal of Entertainment One in July […]
Schroder Real Estate Investment Trust (SREI) has announced that it has exchanged a conditional agreement for Lease, with Premier Inn Hotels, for a pre-letting of a new 96 bedroom hotel within Arndale House in Leeds (pictured). SREI acquired the Arndale Centre in Leeds, a multi-let retail, leisure and office property totalling 125,834 sq ft that is […]
Invista European Real Estate has announced that its mezzanine lender, Islay Investment S.à r.l. (an affiliate of Blackstone Real Estate Debt Strategies) has called for repayment of its mezzanine loans. As Invista is unable to repay the loans, the lender has enforced its security over the entire interests of Invista. The enforcement has followed a […]
Standard Life UK Smaller Companies Trust, managed by Harry Nimmo (pictured), has announced its results for the year ended 30 June 2015 during which, the Company’s diluted net asset value total return was 14.2%, beating a total return of 10.4% for the Company’s benchmark. The manager describes the year as being characterised by steady if […]
Sequoia Economic Infrastructure Income Fund has confirmed its intention to raise up to £200m in new capital through a c-share issue. The issue is expected to complete in or around late October 2015 and further details of the transaction, including the availability of a pre-emptive offer in respect of a significant part of the fund […]
Picton Property Income has announced the acquisition of 180 West George Street, a multi-let office investment in Glasgow (pictured), for £14.25m. The acquisition reflects a net initial yield of 7.8%. The property, which was constructed in 2000, provides 52,100 sq ft of office accommodation over basement, ground and six upper floors and is located in the heart […]
Electra Private Equity has announced the proposed merger, subject to regulatory approval, of its Park Resorts Group (Park Resorts, South Lakeland Parks and Southview and Manor Park) with Parkdean Holidays creating a nationwide operator with 73 sites. The transaction gives the enlarged company an enterprise value of £960m and combined EBITDA in excess of £100m. […]
AEW UK REIT, which listed on the LSE in May raising £100.5m, has announced the purchase of its fifth property for £12.2m. 225 Bath Street in Glasgow (pictured) has 87k square feet of office space, over seven floors and is currently fully let to six tenants. The purchase brings total capital invested to £52m. The purchase price reflects a […]
They believe Aberdeen Asian Income has reported that its net asset value total return fell 2.4% in sterling terms over the six months to 30 June 2015, compared with the MSCI AC Asia Pacific ex Japan Index, which returned 2.6%. Against this backdrop, the Ordinary share price total return fell by 2.1% with the premium over […]
Empiric Student Property has acquired the freehold to a 134 bed new-build premium student accommodation scheme, in Sheffield, for £10.7m. Portobello House, as the development is known, is located in the heart of the University of Sheffield campus and within a 10 minute walk to the city centre and Sheffield Hallam University. The scheme comprises a mix of […]
