Standard Life Investments Property Income Trust has announced that it has completed the sale of three properties in separate transactions. The sale of a small industrial asset in Witham, completed on 24 June 2016 for £3.3m. Causeway Side House in Teddington was bought as part of the ‘Pearl Portfolio’ in December last year and was […]
Hansteen refinances Netherlands Light Industrial Property with €145m 5-year facilityHansteen has announced that it has refinanced two loans secured against its Netherlands light industrial property portfolio with a single loan totalling €145.0m. The company says that this has resulted in a reduction in the cost of borrowing on the portfolio from 3.57% to 2.49%, excluding […]
Picton Property Income has announced that it has exchanged contracts to Boundary House, Jewry Street, London EC3, for £27.8m. Boundary House is located in the eastern part of the City and comprises a 45,000 square foot multi-let office building, constructed in the mid 1950’s.The purchaser is an overseas investor and Picton received £2.8m on exchange. […]
Aberdeen New Dawn has announced its annual results for the year ended 30 April 2016. During the year, the trust’s NAV fell by 15.4% to 179.4p per share (2015 saw an increase of 17.1%) while the share price fell by 15.1% to 156.0p (2015 saw a rise of 14.3%), all in total return terms. The share […]
Redefine International has provided an update on the progress it is making on asset management initiatives on its recently acquired Aegon UK (AUK) portfolio. The company says that it is making good progress that is ahead of initial expectations. In summary, since the EU referendum result, the company has completed two leases totalling £0.6m, which […]
Aberdeen Private Equity has announced its annual results for the year ended 31 March 2016. During the year the fund’s NAV per share increased by 4.6% to 133.33p and, including the 2.2p dividend paid in September 2015, shareholders received a NAV total return of 6.6% (2015: 18.2%). The company says that NAV performance was driven […]
Riverstone Energy has announced that it has signed an agreement, alongside other funds affiliated with Riverstone Holdings, LLC, to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds. Centennial is an exploration and production company focused on the acquisition and development of oil and liquids-rich […]
Fair Oaks Income Fund has announced that the commitment period of the Master Fund, in which it is invested, ended on 12 June 2016. Reflecting this, the board says that it intends to continue to pay eleven monthly dividends of 0.7 US cents per share and a twelfth interim dividend, “representing an amount in aggregate […]
Infrastructure India has announced that it has completed the sale of its entire 26 per cent interest in Western MP Infrastructure & Toll Roads Private Limited. The transaction was originally announced on 8 April 2016 and completed on 28 June 2016. Western MP Infrastructure & Toll Roads operates a 125km toll road in the central […]
Better Capital PCC has announced its final results for both its 2009 cell and 2012 cell for the year ended 31 March 2016. The company says that the 2009 Cell made good progress during the year and that this was mainly driven by Gardner’s sustained solid performance. It also says that the disposal of Santia, […]
