City of London (CTY) has announced its annual results for the year ended 30 June 2020, during which it lagged its benchmark, but stock selection was positive. During the year, CTY’s total return was -14.6%, which the trust says was behind its benchmark, the FTSE All-Share Index, which returned -13.0%. CTY’s share price return was […]
North American Income Trust (NAIT) has announced its interim results for the six-months ended 31 July 2020, which shows that it has successfully navigated challenging markets. During the period, NAIT’s NAV per share declined by 11.7% on a total return basis in sterling term, which the trust says marginally underperformed the -10.7% return in sterling […]
U and I Group (U+I), has announced that Yoo Capital Investment Management has acquired a majority ownership interest in Shepherd’s Bush Market for its Yoo Capital Fund II, L.P., forming a joint venture partnership with U+I. About Yoo Capital Investment Management Yoo Capital is a privately held real estate investment firm, with over £2 billion […]
Macau Property Opportunities (MPO) has provided an update on its progress with its loan refinancing and portfolio divestment. To summarise, on the loan side, MPO has entered into a HK$540 million (US$69.7 million) five-year loan facility with Hang Seng Bank, while on the divestment side, MPO has entered into a provisional sale and purchase agreement […]
JLEN Environmental Assets (JLEN) has announced that it has acquired Northern Hydropower Holdings Limited (NHHL) for a total consideration, including working capital, of £4.74m. NHHL owns 100% of the equity in Northern Hydropower Limited, which in turn holds the rights to two operational hydro projects, which includes a co-located operational battery storage system at one […]
Grit Real Estate Income (GRIT) has announced that it has entered into a binding agreement with Gateway Real Estate Africa Ltd (GREA) for Grit to dispose of a 39.50% interest in Delta International Bahrain SPC (DIB), the beneficial owner of AnfaPlace Mall (Anfa) for a total of US$25,488,440. Anfa forms part of a mixed-use complex […]
In QuotedData’s morning briefing 18 September 2020: We have details of the GRIT Real Estate Income’s disposal of its stake in Anfaplace Mall, JLEN Environmental Assets acquisition of two hydro assets (one with a co-located battery storage asset), Macau Property Opportunities progress with its loan refinancing and its divestment of its remaining individual unit at One […]
Henderson High Income (HHI) has announced its annual results for the half year ended 30 June 2020, during which, despite being defensively positioned, it underperformed its benchmark primarily due to its gearing which is a key component of its structure that allows it to generate its high level of income. The announcement says that, during […]
Ruffer has announced its annual results for the year ended 30 June 2020, which the chairman, Ashe Windham has described ‘as an excellent set of audited results’. He goes on to say that this is the result that the Directors were confident that the Manager would achieve when the crisis, of whatever stamp and timing, […]
LondonMetric Property (LMP) has announced that it has sold a portfolio of six distribution warehouses for £57.3m to Canmoor and AIMCo (a Canadian institutional investor) reflecting a blended net initial yield of 5.3%. LMP has built the portfolio over a number of years, which includes last year’s acquisition of A&J Mucklow. LMP says that the disposal will crystallise an £8.8m profit on cost and […]
