AIF : Acorn Income Fund’s discount opened up during the first half of 2014 Acorn Income Fund‘s recent interims report a fractional fall in NAV during the period (359.97p to 359.20p) but, with a dividends totalling 6.25p, total return during the period was 1.52%. This was modestly behind the FTSE All-Share (1.59%) but ahead of the […]
HCFT : Highcroft Property benefits from Bicester and Cardiff properties coming on-stream Highcroft Property’s recent interims report a 17% increase in net rental income, primarily due to the acquisition of properties in Bicester and Cardiff during the second half of 2013. HCFT reports that it currently has no void units, and that it is actively […]
ERET : European Real Estate sees NAV fall 9.0% during first Half European Real Estate‘s NAV has fallen 9% during the first half of 2014. The value of the portfolio reduced by £4.0m relating to a ‘re-gearing’ of the Panrico leases (this saw a 25% reduction in rent in exchange for ‘useful’ lease changes) and a […]
AcenciA Debt Strategies potential for continuation option through to 2017 AcenciA Debt Strategies provided an NAV total return of 3.5% during the first half of 2014. Its share price beat this with a total return of 9% and, reflecting this, the discount to NAV narrowed from 9.3% to 3.9%. AcenciA has a hard wind up at the end of […]
BBOX : Tritax Big Box REIT acquires DHL Distribution Warehouse in Lancashire for £28.9m Tritax Big Box REIT has announced it is to acquire a Distribution Warehouse in Skelmersdale, Lancashire, currently let to DHL Supply Chain Ltd, for £28.9m (net of purchase costs). The warehouse was originally constructed in 2003 and is a fully fitted distribution facility, […]
EPG : EP Global Opportunities’ Japanese exposure contributed to underperformance in H1 EP Global Opportunities Trust‘s recent interims confirm its NAV per share fell 0.6% during H1 2014, whilst total returns from the FTSE All-World Index and FTSE All-Share Index were 3.2% and 1.6% respectively. The share price discount to NAV also widened modestly from 1.5 per cent […]
BLND : British Land sells 52 Poland Street, Soho, for £26m British Land has announced the sale of 52 Poland Street, Soho, London for £26m. 52 Poland Street is a 20,500 square foot multi-let building over basement, ground and seven upper office floors. The total passing rent of £693k per annum equates to £33.84 per square foot, […]
CREI : Custodian REIT acquires ‘Staples’ retail warehouse in Milton Keynes for £5.7m Custodian REIT has acquired a freehold retail warehouse, currently let to leading UK stationary and office supplies company ‘Staples’, at 1 Grafton Gate East, Milton Keynes (pictured). The lease runs until September 2020 and has a current passing rent is £419k per […]
JUSC : JP Morgan US Smaller Companies in line with a lacklustre market during H1 JP Morgan US Smaller Companies results, for the first half of 2014, report a fall in JUSC’s NAV of 0.4% versus a fall of 0.2% in the Russell 2000 (all in sterling terms). JUSC’s share price saw a sharper fall (8.1%) as […]
AFRB : AFI Development reports strong growth in rental income during H1 AFI Development has released its interim results for the first half of 2014. Rental and hotel operating income has grown by 9% year-on-year to US$74.8m, whilst the contribution from AFIMALL City (pictured) grew 18% year-on-year to US$56.6m (H1 2013: US$48.0m). The gross value of portfolio of […]
