AcenciA Debt Strategies potential for continuation option through to 2017 AcenciA Debt Strategies provided an NAV total return of 3.5% during the first half of 2014. Its share price beat this with a total return of 9% and, reflecting this, the discount to NAV narrowed from 9.3% to 3.9%. AcenciA has a hard wind up at the end of […]
BBOX : Tritax Big Box REIT acquires DHL Distribution Warehouse in Lancashire for £28.9m Tritax Big Box REIT has announced it is to acquire a Distribution Warehouse in Skelmersdale, Lancashire, currently let to DHL Supply Chain Ltd, for £28.9m (net of purchase costs). The warehouse was originally constructed in 2003 and is a fully fitted distribution facility, […]
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 […]
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