Gulf Investment Fund (GIF) has announced its annual results for the year ended 30 June 2019. During the year, GIF’s NAV per share rose by 12.7% to US$1.3504 which compares with a gain of 8.2% in the S&P GCC composite index and a fall of -1.40% in the MSCI Emerging Markets Index. Following a narrowing […]
Witan (WTAN) has announced that, following a review of its performance benchmark, it will tweak the allocation from January 2020. The effect be to give the benchmark a more global bias. In summary, the new benchmark will be 15% UK (FTSE All Share Index), which with previously 30%; and 85% Global (FTSE All World Index), […]
Safestay (SSTY) has announced that it has agreed to acquire the freehold of its fifteenth hostel, currently operating as ‘Best Western Glasgow City Hotel’, for £3.15 million. The property is freehold and, in the 12 months to 31 January 2019, generated revenues of £0.82 million. Completion of the acquisition is expected to take place on […]
Great Portland Estates (GPE) has announced that it has agreed a 82,000 sq ft flexible office partnership arrangement with Knotel at City Place House, 55 Basinghall Street, EC2. Knotel will operate the space until the building’s redevelopment in December 2021 and, together, GPE and Knotel will share the revenue generated by the businesses in occupation. […]
Warehouse REIT (WHR) has announced that it has purchased an eight asset fully-let portfolio of reversionary warehouse and distribution assets, from Aviva Investors, for £70 million. Producing an annual rent of £5.38 million, the purchase price reflects a net initial yield of just over 7%. An additional deferred payment of up to £5 million is […]
RDI REIT (RDI) has announced that it has exchanged contracts with Volksbank eG Braunschweig Wolfsburg to sell its Bahnhof Center in Altona, Hamburg for €91.0 million. The sale price reflects a net initial yield of 4.6% and a 9.6% premium to the 28 February 2019 market value. The Disposal is expected to complete on 31 December […]
Civitas Social Housing (CSH) has announced that it supports the appointment of three additional Board members to the Westmoreland Supported Housing Board (as announced on 11 September 2019 by the Regulator of Social Housing). Civitas says that it “remains supportive of the Westmoreland Board’s ongoing actions to improve governance and is confident that the three new […]
In QuotedData’s other news 6 September 2019 – International Public Partnerships has announced its interim results for the six months ending 30 June 2019. Key financial highlights include: NAV per share growth to 150.3 pence (31 December 2018: 148.1 pence); Interim dividend increase to 3.59 pence per share (30 June 2018: 3.50 pence per share); […]
Triple Point Social Housing REIT (SOHO) has announced that the Group has completed the acquisition of six supported housing properties. The six properties comprise 47 units in total, for an aggregate commitment of approximately £7.2 million (excluding costs). The properties are located in the South (12 units), East Midlands (16 units), Yorkshire (11 units), the […]
Pacific Horizon (PHI) has announced its annual results for the year ended 31 July 2019; it has benefited from a better second half performance. During the year as a whole, PHI saw its fall by 1.9% on a total return basis, compared to a 4.2% rise in the MSCI All Country Asia ex Japan Index […]
