Aberdeen Japan has announced its interim results for the half-year ended 30 September 2015. The Trust’s net asset value total return per share fell by 16.3% in sterling terms over the period, compared to the benchmark index’s total return of -9.4%. The manager’s say that the underperformance was largely attributed to stock selection although gearing […]
Custodian REIT has announced that it has exchanged contracts to acquire a portfolio of 11 UK commercial properties for an aggregate consideration of £69.4m. Simultaneously, the company has also announced that it has entered into an agreement to extend its existing revolving credit facility with Lloyds Bank from £25m to £35m whilst extending the termination […]
Green REIT has announced that it has entered into a conditional contract with its joint venture partner to acquire full control of Central Park for €155m with an estimated all in cost of €160m. Completion of this acquisition is conditional on the approval of the Competition and Consumer Protection Commission in Ireland. The transaction is […]
Phaunos Timber has announced the sale of two of its four teak plantation assets, from the Brazilian Eucateca estate, for US$ 2.5m. According to the company, the combined properties sold represent 32% of the total 2,193 net planted hectares of teak on the estate and the sale involves an initial payment of US$ 0.5m with […]
JPMorgan US Smaller Companies, managed by Don San Jose (pictured), has announced that it has agreed a new fee structure with J.P. Morgan Funds Ltd, which will take effect from the beginning of the company’s next financial year (1 January 2016). Under the existing fee arrangement the Company’s basic management fee has been 1.20% per annum on […]
Picton Property Income has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s EPRA NAV increased 6% to 73p per share (69p as at 31 March 2015), whilst its EPRA earnings per share increased by 13% year-on-year to 1.8p. The company has posted gains on its investment properties […]
NewRiver Retail Limited has announced its interim results for the six-months ended 30 September 2015, which the company describes as providing, “Record profits and strong NAV per share growth”. During the period, the company’s EPRA NAV per share increased by 14% to 287p (Sept 2014: 252p) whilst its EPRA adjusted earnings per share increased by 95% to 13.2p […]
JZ Capital Partners has announced the sale of its investment in Justrite Manufacturing for $21.4m. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner and JZ Capital Partners first invested in Justrite in June 2011 alongside an investor group led by the […]
John Laing Environmental Assets has announced the acquisition of a solar photovoltaic portfolio for a cash consideration, including working capital, of £9.7m. The fully operational 2.3 MW solar energy generation portfolio comprises 303 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The company says that […]
Target Healthcare REIT has announced a proposal to issue up to 15,652,803 new ordinary shares (9.99% of its existing share capital) by way of a placing. The company says that it will determine the price at which the shares will be placed based on the level of demand from potential investors, with the price expected to be […]
