EPG : EP Global Opportunities’ Japanese exposure contributed to underperformance in H1 EP Global Opportunities Trust‘s recent interims confirm its NAV per share fell 0.6% during H1 2014, whilst total returns from the FTSE All-World Index and FTSE All-Share Index were 3.2% and 1.6% respectively. The share price discount to NAV also widened modestly from 1.5 per cent […]
BLND : British Land sells 52 Poland Street, Soho, for £26m British Land has announced the sale of 52 Poland Street, Soho, London for £26m. 52 Poland Street is a 20,500 square foot multi-let building over basement, ground and seven upper office floors. The total passing rent of £693k per annum equates to £33.84 per square foot, […]
CREI : Custodian REIT acquires ‘Staples’ retail warehouse in Milton Keynes for £5.7m Custodian REIT has acquired a freehold retail warehouse, currently let to leading UK stationary and office supplies company ‘Staples’, at 1 Grafton Gate East, Milton Keynes (pictured). The lease runs until September 2020 and has a current passing rent is £419k per […]
JUSC : JP Morgan US Smaller Companies in line with a lacklustre market during H1 JP Morgan US Smaller Companies results, for the first half of 2014, report a fall in JUSC’s NAV of 0.4% versus a fall of 0.2% in the Russell 2000 (all in sterling terms). JUSC’s share price saw a sharper fall (8.1%) as […]
AFRB : AFI Development reports strong growth in rental income during H1 AFI Development has released its interim results for the first half of 2014. Rental and hotel operating income has grown by 9% year-on-year to US$74.8m, whilst the contribution from AFIMALL City (pictured) grew 18% year-on-year to US$56.6m (H1 2013: US$48.0m). The gross value of portfolio of […]
BYG : Big Yellow reduces the cost of its debt financing Big Yellow Group has announced that it has completed the refinancing of its existing bank facilities. This will lead to both a lower average cost of debt (from 4.6% to 3.7%) and an increased average unexpired term of its debt facilities to 7.8 years. Key features […]
SREI : Schroder Real Estate Investment Trust to acquire Stacey Bushes industrial estate for £9.2m Schroder Real Estate Investment Trust has exchanged contracts to acquire Stacey Bushes Industrial Estate, Milton Keynes, for £9.2m. The freehold property is a 213,536 square foot multi-let industrial estate, constructed in the 1980’s and recently refurbished, let to 12 tenants with an […]
AAIF : Aberdeen Asian Income Fund – performing in line with benchmark Aberdeen Asian Income Fund’s interim results show AAIF’s NAV returned 3.8% in sterling terms, in line with the MSCI AC Asia Pacific ex Japan Index, which returned 3.9%. The return on the share price was 5.4% reflecting an expansion of the trusts premium to NAV […]
MAX : Max Property Portfolio sale completed, delisting tomorrow (19 August 2014) Max Property has announced that the sale of its entire issued share capital to Marina Topco (Jersey) Limited , approved by shareholders at the EGM on 11 August 2014 , has completed today (18 August 2014). The cancellation of the admission to trading on AIM and […]
KWE : Kennedy Wilson Europe Real Estate Acquiring Fairmount Hotel, St. Andrews, for £32.4m Kennedy Wilson Europe Real Estate has announced that it is to acquire the Fairmount Hotel, St. Andrew’s, Scotland (pictured) for £32.4m. The iconic property is managed and operated by Fairmont Hotels and Resorts under an agreement that lasts until 2031. The transaction […]
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