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 […]
Juridica Investments has announced an investment in AC Kinetics, a privately-held US-based developer of an advanced induction motor control algorithms, which aim to reduce energy consumption while improving performance. In announcing the purchase JIL, which invests directly and indirectly in a wide variety of business-to-business related litigation and arbitration claims, advised that they believe the AC […]
British Land has agreed to let the 4,500 square foot sixth floor of its Marble Arch House property (located on Seymour Street in the Portman Village) to Access Industries on a ten-year lease. Access will join Fulcrum Asset Management, who signed a ten year lease for the building’s 9,000 square foot fifth floor earlier this summer. […]
NextEnergy Solar Fund, has agreed to acquire a special purpose vehicle with the rights to construct a solar power plant, The Brickyard Power Plant for £3.9m. The 3.8MWp plant is located in the Midlands and was identified in NESF’s Prospectus as a ‘core shortlist’ asset, when it listed on the LSE, in April 2014. The purchase is […]
Cambria Africa, the LSE listed investment company (market cap c£6m) that is building a portfolio of investments, primarily in Zimbabwe, has announced it has launched legal proceedings in the High Court against Lonrho Ltd (previously Cambria’s investment manager) for c US$10m (£6m). Cambria’s formal proceedings seek to 1) rescind a settlement that it agreed with Lonhro […]
Target Healthcare REIT, a specialist investor in UK care homes, has acquired three purpose-built care homes and four specialist care bungalows for £20.4m. The facilities are located in Norfolk and Northern Ireland and are leased to Priory Group (the UK’s largest provider of mental health and elderly care services) for a period of up to […]
