NB Distressed Debt has announced the sale of its combined largest holding, a lodging and casino sector investment, for proceeds totalling approximately $34 million. It says that the sale price is “substantially equal to the carrying value in the most recent Net Asset Value announcements” and represents a gain of approximately $9 million over the […]
HICL Infrastructure has announced that it has agreed to acquire a further 40% interest in the N17/N18 Gort to Tuam PPP Scheme for €23m. The purchase is being funded from HICL’s revolving credit facility and the transaction is expected to complete by the end of February 2019. Harry Seekings, Co-Head of Infrastructure at InfraRed (HICL […]
AEW UK REIT(AEW) has announced that it has acquired Lockwood Court, a 187,794 square foot warehouse located on the Parkside Industrial Estate in Leeds, for a gross purchase price of £7.3m, reflecting a initial yield of 7.7%. About Lockwood Court The Lockwood Court warehouse asset is fully let to LWS Yorkshire Ltd, a logistics and […]
Yew Grove REIT has announced that it has exchanged contracts to acquire Unit 2600, an Office Block located in Cork Airport Business Park. The €7.5 million acquisition represents a net initial yield of 7.85 per cent. after accounting for purchase costs. This is Yew Grove’s first investment in Cork. Unit 2600 Unit 2600 is a […]
BB Healthcare Trust has announced its annual results for the year ended 30 November 2018. During what the trust’s chairman, Professor Justin Stebbing, describes as “another successful year”, the trust provided Nav and share price total returns of 24.0% and 21.6% respectively. These returns are ahead of the MSCI World Healthcare Index, which it says […]
Brunner Investment Trust has announced its final results for the year ended 30 November 2018. During the year, Brunner provided an Nav total return of 2.7%, which the trust says a little behind the composite benchmark index (70% FTSE World Ex-UK and 30% FTSE All-Share Index). BUT says its benchmark rose by 4.1% on a total […]
Polar Capital Global Financials Trust (PCFT) has announced its annual results for the year ended 30 November 2018. In what the chairman’s statement describes as a topsy-turvy year for global equity markets, PCFT provided NAV and share price total returns of -1.5% and -1.7% respectively, which it says compares against a total return for its […]
Ediston Property Investment Company (EPIC) has announced that it has restructured lease terms with New Look at Prestatyn Shopping Park, Prestatyn. This has led to both increased rent and a longer lease term. Background to the restructuring – New Look’s CVA New Look completed a Company Voluntary Arrangement (CVA) in March 2018, under which the […]
BlackRock Throgmorton Trust (THRG) has announced its annual results for the year ended 30 November 2018. While THRG’s net assets fell during the year, the trust has provided a return substantially ahead of the benchmark index. Specifically, THRG provided NAV and share price total returns of -2.7% and +1.8% respectively, which it says compares against […]
Ranger Direct Lending (RDL) has provided an update on the company’s management and valuation arrangements. As previously announced, RDL’s investment management agreement with Ranger Alternative Management II, LP terminates with effect from today (12 February 2019). The Company has appointed International Fund Management Limited (IFM) as its replacement Alternative Investment Fund Manager with immediate effect and, […]
