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 […]
Invista European Real Estate has announced that its mezzanine lender, Islay Investment S.à r.l. (an affiliate of Blackstone Real Estate Debt Strategies) has called for repayment of its mezzanine loans. As Invista is unable to repay the loans, the lender has enforced its security over the entire interests of Invista. The enforcement has followed a […]
Picton Property Income has announced the acquisition of 180 West George Street, a multi-let office investment in Glasgow (pictured), for £14.25m. The acquisition reflects a net initial yield of 7.8%. The property, which was constructed in 2000, provides 52,100 sq ft of office accommodation over basement, ground and six upper floors and is located in the heart […]
Electra Private Equity has announced the proposed merger, subject to regulatory approval, of its Park Resorts Group (Park Resorts, South Lakeland Parks and Southview and Manor Park) with Parkdean Holidays creating a nationwide operator with 73 sites. The transaction gives the enlarged company an enterprise value of £960m and combined EBITDA in excess of £100m. […]
