JRIC : Japan Residential Investment Company Sells Branche Kanamecho IV for £3.2m Japan Residential Investment Company has sold its Branche Kanamecho IV property (a 20 unit apartment building in Toshima Ward, Tokyo) for Yen 550m (£3.2m) excluding taxes and sale costs. This represents a 34.1% premium to the 31 May 2014 valuation, of Yen 240m, and is a […]
GCP Infrastructure Investments is lending £12.2m against a vehicle, GCP Biomass 3, which is financing two operational plants selling gas generated from the anaerobic digestion of biowaste. The projects are subsidised by the Government’s Renewable Heat Incentive scheme (“RHI”) and the gas is sold to the national grid. The lending takes the form of notes with a c15 […]
F&C Commercial Property Trust, managed by Richard Kirby (Pictured) has acquired a brand new 151,500 square foot production and distribution warehouse (Unit 1, The Hive, Liverpool International Business Park) for £11.9m. The property is let to Johnson Controls Automotive on a 15-year lease, at a passing rent of £812k, which represents an initial yield of 6.45%. F&C […]
Infrastructure India’s 100% owned “Vikram Logistic and Maritime Services ” saw its Nagpur terminal facility commenced domestic operations on 18 July. Initial operations are for domestic containerised cargo only but movements of export-import cargo are currently scheduled for the second half of 2014. The terminal expects to commission an automobile logistics park, liquid tank farm and […]
Custodian REIT has acquired a freehold public house property, on Frogmore Lane, High Wycombe, for £1.625m. The property is currently let to the “Stonegate Pub Company” (the UK’s largest independent pub company whose brands include Yates’s, The Slug and Lettuce, The Living Room and Scream). The Frogmore lane property, currently trading as a Yates’s Wine Lodge, is let on […]
Vinaland has divested a number of its ‘hospitality investments’ (mostly smaller operating hotels) as well as Movenpick Hotel in Hanoi for US$ 19.9m (at a c 5% premium to their carrying value as at 31 March 2014). Since November 2012, VNL has been focused on asset realisation and the sale proceeds are to be deployed both […]
BlackRock Commodities Income , managed by Olivia Markham (pictured) with co-manager Tom Hall, has released its interim reports for the six months ended 31 May 2014. The total return on the net asset value for the period was 7.9%, whilst share the total return on the share price was 5.2%, reflecting a widening of the discount during the period. […]
Empiric Student Property acquires additional Birmigham student accomodation for £12m. Empiric Student Property has exchanged contracts to acquire an 106 bed, student accommodation property, on Bristol Road, Selly Oak, Birmingham for £12m. Located within five minutes walk of the University of Birmingham, the freehold “Mansion Brook” property is next to “Edge Apartments” that ESP has also agreed to purchase. Collegiate […]
Picton Property Income has acquired a distribution warehouse in Rushden, Northamptonshire, for £20m. The 312,000 square foot warehouse is currently leased to electrical component manufacturer Belkin, until April 2020, and the transaction represents an initial yield of 7.7%. Following this purchase, Picton has now largely deployed the proceeds, that were allocated to new asset purchases, from the £35m fundraising […]
Infrastructure India has announced proposals to raise up to $102m (c £60m) by way of a placing at a price of 18p per share (closing price on 14 July = 14.5p). An EGM is being held on 11 August to seek the necessary authority from shareholders. IIP is an AIM quoted investment company focused on investment in Indian […]
