Standard Life Investments Property Income Trust (SLI), managed by Jason Baggaley (pictured), has entered into a heads of terms to acquire a portfolio of 22 UK commercial properties for approximately £165m. Subject to completion of the appropriate due diligence and valuations, the company says it expects that the portfolio will be acquired through the purchase […]
Capital & Regional, which was granted status as a UK REIT on 31 December 2014, has announced that, in addition to its primary listing on the London Stock Exchange, the Johannesburg Stock Exchange has approved a secondary listing on its main board with trading to commence on Wednesday 7 October 2015. The company is focused […]
Foresight Solar Fund has announced the completion of its acquisition of the 16MW Membury asset, located in Hungerford, Berkshire. The solar farm was connected to the Grid in March 2015 and has received Renewable Obligation Certificate (“ROC”) accreditation at the rate of 1.4ROCs/MWh. The deal has been funded using the Company’s existing £150m acquisition facility. […]
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
Hansteen Holdings has announced the acquisition of two assets in Derbyshire for a total price of £41.1m. West Hallam Industrial Estate (Ilkeston, South Derbyshire) is being acquired for £27.3m, which reflects a net initial yield of 6.2%. Completion is due on 24 September. Belasis Business Park (pictured) is located in Billingham, Teesside. It is being acquired […]
Dexion Absolute has announced the results of its 2015 redemption and with it the closure of both the US$ and Euro share classes. Now only the sterling share class remains although Euro and US$ shareholders were given the option to switch into the Sterling share class. Under the terms of the redemption offer, 25% of the […]
Real Estate Investors has announced its interim results for the six-months ended 30 June 2015. The company converted to a Real Estate Investment Trust with effect from 1 January 2015 and so these are its first results under the new structure. During the period, the company’s ERA NAV rose 4% to 63.6p per share whilst […]
City Natural Resources High Yield Trust has released its annual results for the year ended 30 June 2015. These show that, during the period, the trust provided an NAV total return of -20.9% thereby underperforming its benchmark (a composite of the Credit Suisse High Yield and HSBC Mining indices), which returned -14.9%. Arguably reflecting market […]
Marwyn Value Investors has announced the sale of its remaining interest in Entertainment One. The company says that, following the sale, approximately £10m will be returned to shareholders under its distribution policy for net capital gains. The £10m is in addition to the £5.3 million still to be returned following the initial disposal of Entertainment One in July […]
Schroder Real Estate Investment Trust (SREI) has announced that it has exchanged a conditional agreement for Lease, with Premier Inn Hotels, for a pre-letting of a new 96 bedroom hotel within Arndale House in Leeds (pictured). SREI acquired the Arndale Centre in Leeds, a multi-let retail, leisure and office property totalling 125,834 sq ft that is […]
