LXI REIT has announced that it has sold two portfolios of long-let social housing assets for £10.7m, and has exchanged contracts on the pre-let forward funding acquisition of a Lidl foodstore in Barnard Castle, County Durham for £7.5m. Disposal of social housing asset portfolios The sales, to two separate social infrastructure funds, reflect a 5.25% […]
CLS Holdings has announced that it has unconditionally exchanged contracts to sell Albert-Einstein-Ring 17-21 in Hamburg for €36.45 million excluding costs, with completion expected on 30 September 2020. About Albert-Einstein-Ring Albert-Einstein-Ring 17-21 was acquired by CLS in 2017 as part of the Metropolis portfolio and consists of 13,419 sqm (144,441 sq. ft) of offices located […]
SEGRO has made three separate announcements this morning which, when taken together, comprise the redemption of €118m of existing (debt during August and September), while raising €450m of new debt finance in a private placement that is split across three tranches. The announcements can be summarised as follows: SEGRO is redeeming the last of its […]
In QuotedData’s morning briefing 24 July 2020: Stenprop has provided the market with a trading update for the second quarter of 2020 to the market. It says that it has now collected 93% of the rent due at the end of March, and 84% of the rent due at the end of June. We have also […]
Personal Assets (PAT) has published its final results for the year ended 30 April 2020, during which it has bucked the trend, substantially outperforming the market (its NAV per share rose by 5.3%, substantially ahead of the return on the All-Share, which PAT says lost 19.8%). The announcement provides the following key highlights: PAT is […]
In QuotedData’s morning briefing 17 July 2020: BMO Private Equity Trust has announced the appointment of Nplus1 Singer Advisory LLP as its sole corporate broker, with immediate effect. Tetragon Financial Group (TFG) will be hosting a conference call for investors on Friday, 31 July 2020 at 15:00 BST / 10:00 EDST. The call is to […]
In QuotedData’s morning briefing 10 July 2020: Carador Income Fund has announced the final redemption and de-listing of its redemption pool shares. G GCP Asset Backed Income (GABI) has announced that it has exercised its option to extend its £50m revolving credit with the Royal Bank of Scotland International Limited. The facility will now expire in […]
Aberdeen Emerging Markets has announced its interim results for the six months ended 30 April 2020, during which stock selection was positive, showing that the managers backed the right funds. However, the period includes the market collapse following the outbreak of the pandemic in March, followed by a partial recovery in April and, reflecting this, […]
Capital & Regional (CAL) has provided an update on the impact of the COVID-19 pandemic and rent collections for the 24 June Quarter Date, in which it says it has received or expects to imminently receive 34% of the rent due on 24 June. CAL has provided the following highlights on its operations and liquidity. […]
Gresham House Energy Storage Fund (GRID) has announced that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech (Arenko). The initial cost is £20.1m, with the potential for further earnout payments. The acquisition of Bloxwhich increases the total capacity of […]
