Fair Oaks Income Fund announced on 22 June 2015 that it was giving consideration to potentially issuing some ordinary shares or C-shares. The company has now followed this up with an announcement that, following consultation with certain existing and potential shareholders, it is making arrangements for a potential issue of up to 200 million C Shares at an […]
Shaftesbury, the REIT focused on London’s West End, saw an announcement yesterday from entities controlled by the ‘Lee Family’ (principally through Mr Samuel Tak Lee) of a tender offer to acquire up to 9.3% of the shares in Shaftesbury at a price of 888p per share. If the tender is successful, the Lee family will control 13.2% […]
Starwood European Real Estate announced yesterday (20 July 2015) a placing to raise up to £15m before costs with the proceeds of the placing to be used to fund a loan currently in execution and other transactions that the Investment Adviser believes have a high probability of execution in the short term. Starwood has subsequently announced today […]
Henderson Value Trust interim results for the half-year ended 31 March 2015 show a NAV total return of 0.4% which compares against a 12.4% rise in its FTSE World Index benchmark. However, the managers that this this masks some encouraging developments within the investment portfolio. They say that new investments made by Henderson, which were in […]
Sirius Real Estate has announced its full year results for the year ended 13 March 2015. The company completed a dual listing on the Alternative Exchange of the Johannesburg Stock Exchange in December 2014 and, at the same time, raised €40m to support the expansion of the property portfolio. The company has since announced the acquisition of […]
MedicX Fund has announced its interim results for the half year ended 31 March 2015. The company reports adjusted earnings of £7.0 million during the period, an increase of £2.3 million or 48.9% year-on-year. Its adjusted net asset value increased 4.6% to 68.8p per share whilst the total share price return was 5.4% during the period. In terms of […]
SEGRO PLC has announced that it is to acquire 90% of Vailog Srl for €39.6m (£28.1m). SEGRO say that the purchase will allow them to establish a strategic big box warehouse presence in the Northern Italian logistics market with opportunities to grow additional scale through development. Segro also say that Vailog has developed over 1.5 million […]
GCP Infrastructure Investments has announced its results for the six months ended 31 March 2015. Profit for the period was £22.1m, which is a 16.9% increase year-on-year and the company was trading at an 11% premium to its NAV as at 31 March 2015. An additional £70m of equity was raised during the period, through a placing ,whilst […]
Empiric Student Property has announced the acquisition of St Margaret’s Flats (pictured) – a freehold, operational, direct-let, student accommodation property in Durham for £5.1m (excluding acquisition costs). Built in 1994, the property has 109 beds, principally comprising 5-bed flats, across five blocks and was refurbished for the 2011/12 academic year. This included the replacement of all kitchens, bathrooms […]
Secure Property Development & Investment has announced that it has agreed to acquire a series of property assets in Romainia and Bulgaria reflecting its strategy to build a portfolio of commercial real estate in East and South East Europe. The acquisition is to be funded by issuing new SPDI shares to the vendors of the […]
