Summit Germany, the German commercial real estate company, has provided a trading update with a number of key developments. The first is that it has agreed terms to refinance €268m of its €309m debt facilities. This includes a new €240m, 7 year, 3.4% debt facility (the current loan is at 3.9%) which is expected to be in place by […]
Finsbury Growth & Income Trust, managed by Nick Train (pictured), has published its annual results for the year ended 30 September 3014, which confirm another year of outperformance relative to its FTSE All-Share Benchmark. FGT provided an NAV total return of 8.6%, comfortably ahead of the benchmark’s 6.1%. A second interim dividend of 6.2p has been […]
ELTA : A good year for Electra Electra Private Equity, chaired by Roger Yates (pictured) has had an eventful but nonetheless successful year. An approach by Sherborne Investors, which was ultimately defeated at an EGM at the beginning of October, may have been a distraction but, despite this, Electra has provided a return of 15% on its diluted NAV […]
ESP: Empiric Student Property raising £66m cash to fund further asset purchases Empiric Student Property has published a prospectus to raise up to £66m initially through an open offer and placing of 65m shares, with the potential to issue up to 300m shares during the next 12 months. ESP IPO’d on the London Stock Exchange on 30 June […]
FCPT : F&C Commercial Property Trust reports strong growth in the first half of 2014 F&C Commercial Property Trust’s recent interims report an NAV total return of 12.2% whilst share price total return was 1.9% reflecting a narrowing of the premium to NAV during the period (4.1% as at the 30 June 2014). Performance compares favourably against […]
BBOX : Tritax Big Box REIT acquires Wolseley’s distribution centre in Ripon for £12.2m Tritax Big Box REIT has acquired Wolseley’s Regional Distribution Centre at Ripon, North Yorkshire for £12.24m (net of acquisition costs). The high specification property was constructed in 2001 and has ancillary offices and substantial parking over approximately 10.9 acres. The rentalised area is approximately 222k square […]
FPEO : F&C Private Equity sees discount narrow in first half F&C Private Equity‘s recent interims report a share price total return for the first of 2014 of 9.1% whilst NAV total return was -0.3% (including an adverse currency movement) reflecting a narrowing of the discount during the period. Co-investments were increased to 17.5 per cent […]
BHUE : BlackRock Hedge Selector – UK Emerging Companies Share Class, reports a 7.7% fall in NAV during the first half of 2014 BlackRock Hedge Selector‘s recent interims report a 7.7% fall in NAV for the UK Emerging share class during the first half of 2014, whilst the share price fell by 5.4%. The backdrop to […]
DNE : Dunedin Enterprise reports modest fall in NAV during the first half of 2014 Dunedin Enterprise Investment Trusts recent interims report a fall in NAV during the first half of 2014 of 4.6%. However, once dividends are included, DNE’s total return was -1.7% (this compares with a fall in the FTSE Small Cap index […]
INPP : International Public Partnerships Targeting a dividend of 6.45p for 2014 International Public Partnerships recent interims report underlying NAV growth of 1.8% during the six months to 30 June 2014, with a fully covered cash interim dividend declared at 3.15p per share (up c.2.5% year-on-year from 3.075p for the interim dividend for 2013). The target […]
