Empiric Student Property acquires additional Birmigham student accomodation for £12m. Empiric Student Property has exchanged contracts to acquire an 106 bed, student accommodation property, on Bristol Road, Selly Oak, Birmingham for £12m. Located within five minutes walk of the University of Birmingham, the freehold “Mansion Brook” property is next to “Edge Apartments” that ESP has also agreed to purchase. Collegiate […]
Picton Property Income has acquired a distribution warehouse in Rushden, Northamptonshire, for £20m. The 312,000 square foot warehouse is currently leased to electrical component manufacturer Belkin, until April 2020, and the transaction represents an initial yield of 7.7%. Following this purchase, Picton has now largely deployed the proceeds, that were allocated to new asset purchases, from the £35m fundraising […]
Infrastructure India has announced proposals to raise up to $102m (c £60m) by way of a placing at a price of 18p per share (closing price on 14 July = 14.5p). An EGM is being held on 11 August to seek the necessary authority from shareholders. IIP is an AIM quoted investment company focused on investment in Indian […]
Juridica Investments has announced an investment in AC Kinetics, a privately-held US-based developer of an advanced induction motor control algorithms, which aim to reduce energy consumption while improving performance. In announcing the purchase JIL, which invests directly and indirectly in a wide variety of business-to-business related litigation and arbitration claims, advised that they believe the AC […]
British Land has agreed to let the 4,500 square foot sixth floor of its Marble Arch House property (located on Seymour Street in the Portman Village) to Access Industries on a ten-year lease. Access will join Fulcrum Asset Management, who signed a ten year lease for the building’s 9,000 square foot fifth floor earlier this summer. […]
NextEnergy Solar Fund, has agreed to acquire a special purpose vehicle with the rights to construct a solar power plant, The Brickyard Power Plant for £3.9m. The 3.8MWp plant is located in the Midlands and was identified in NESF’s Prospectus as a ‘core shortlist’ asset, when it listed on the LSE, in April 2014. The purchase is […]
Cambria Africa, the LSE listed investment company (market cap c£6m) that is building a portfolio of investments, primarily in Zimbabwe, has announced it has launched legal proceedings in the High Court against Lonrho Ltd (previously Cambria’s investment manager) for c US$10m (£6m). Cambria’s formal proceedings seek to 1) rescind a settlement that it agreed with Lonhro […]
Target Healthcare REIT, a specialist investor in UK care homes, has acquired three purpose-built care homes and four specialist care bungalows for £20.4m. The facilities are located in Norfolk and Northern Ireland and are leased to Priory Group (the UK’s largest provider of mental health and elderly care services) for a period of up to […]
HgCapital Trust is to invest £4.4m in Sequel Business Solutions, a leading software and service provider to the Lloyd’s of London insurance market. The trust will be participating through the HgCapital Mercury Fund, which is focused on growth buyouts in the software and technology sector, alongside other institutional clients of HgCapital. Sequel’s management team are to retain a significant interest in […]
Custodian REIT has announced the purchase of a second property in Castleford for £1.61m. The property is a 12,940 square foot trade counter, let to MKM Building Supplies Limited, on a 20 year lease. The rent is 110,000 per annum, which reflects a net initial yield of 6.45%. Custodian REIT listed on the LSE on 26 March 2014, acquiring […]
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