Empiric student property has announced that it has exchanged contracts, subject to planning, on a forward funded development in Glasgow. The scheme, known as 155 George Street (pictured), is an 89 bed premium student accommodation development. The total investment is £9.6m, which is to be invested in stages against development milestones. Empiric is to acquire the […]
Greencoat UK Wind proposes to raise £50m. Greencoat UK Wind has announced that it intends to raise up to £50m through a placing of its ordinary shares by way of a tap issue to institutional investors. Tim Ingram, Chairman of the company, has said that they are currently working towards a particular acquisition and that […]
Assura has announced that, following its recent equity raise, it has repaid £181m of long term debt held by Aviva Commercial Finance, with associated early repayment costs of £34m. The weighted average interest rate on the loans redeemed was 5.4%. This repayment is in line with the debt reduction plan announced in the company’s prospectus […]
Global Resources Investment Trust announced on the 2 November that, as a result of its NAV falling to 34.58p per share, its total assets equated to 3.94x the value of its convertible. One of the covenants that GRIT has been obliged to abide by, since the convertibles were issued, is that the asset cover on the convertibles should […]
Martin Currie Asia Unconstrained (formerly Martin Currie Pacific) has announced its interim results for the half-year ended 30 September 2015. During the period the trust, managed by Andrew Graham (pictured), has reportedly given up most of the gains made in the previous financial year to 31 March 2015. On a total return basis, the trust’s NAV […]
Schroder Oriental Income Fund, chaired by Robert Sinclair (pictured), has announced its results for the year ended 31 August 2015, during which the company’s NAV fell by 5.8% and its share price by 6.1%. However these are both appreciably ahead of the performance of the Company’s reference index, the MSCI AC Pacific (ex Japan) Index, […]
Northern Investors has released its interim report for the half-year ended 30 September 2015. The company continues to follow its realisation strategy and, during the period, the number of holdings in the portfolio was reduced further from 15 to 12. Investment sales during the period generated total cash proceeds of £2.5m. The NAV per share […]
JPMorgan Japanese, managed by Nicholas Weindling (Pictured), has announced its final results for the year ended 30 September 2015 during which the companies NAV rose 14.7% (total return in sterling terms), outperforming its benchmark TOPIX index, which returned 6.0%. The share price performance was stronger returning 19.5% during the year. Over three years the Company’s […]
Gabelli Value Plus+ Trust has announced its first set of interim results for the period between 19 February and 30 September 2015. During the period the trust’s NAV fell 6.4% in total return terms underperforming the S&P 500 which fell 5.5% during the period (in Sterling adjusted terms). Share price total return during the period […]
F&C UK Real Estate, managed by Ian McBryde (pictured), announced in its interim results, released on 29 September, that the Board had been considering refinancing the company’s existing loan facility with Lloyds Bank, which is due for repayment in January 2017, and had agreed terms to refinance this through a new long-term term loan facility with Canada […]
