Franklin Templeton Investments has announced that it has agreed, subject to the necessary regulatory approvals, to acquire Edinburgh Partners. Edinburgh Partners is an independent fund management house that is headed up by Dr. Sandy Nairn, a former Franklin manager. Dr. Nairn spent ten years at franklin Templeton, between 1990 and 2000, as an executive vice […]
Warehouse REIT has announced that it has exchanged contracts to acquire a portfolio of seven industrial assets, in the North West of England, for £18.25m. The transaction is expected to complete today (21 December 2017) and the purchase price reflects a net initial yield of 7%. The acquired portfolio The acquisition brings the Company’s assets […]
Dromadda More Wind Farm acquired for €88.4m Greencoat Renewables, which listed on the AIM segment of the London Stock Exchange on 25 July 2017, has announced that it has acquired the 36MW Dromadda More wind farm, from Impax Asset Management, for an all in cost of €88.4m. Dromadda More is Greencoat Renewables first acquisition since […]
FastForward Innovations has announced that a transaction involving its investee company Nuuverra Corp, in which FastForward has an effective holding of 3.75%, has received conditional approval from the TSX Venture Exchange. In summary, Mira IX Subco Inc., a wholly-owned subsidiary of Mira IX, will amalgamate with Nuuvera. Prior to closing of the Transaction, it is […]
Henderson Alternative Strategies Trust (HAST) has announced its annual results for the year ended 30 September 2017. During the period, HAST provided an NAV total return of 10.8% and, reflecting a marked narrowing of the discount, a share price total return of 19.8%. The share price performance is superior to that of the company’s benchmark, […]
LXi REIT has announce that it has exchanged contracts on the pre-let forward funded acquisition of a new Premier Inn hotel in the East Midlands. The total funding commitment is £6.9 million, reflecting a net initial yield of 5.20% (net of acquisition costs to the Company), and the acquisition is being funded from equity resources […]
Axiom European Financial Debt has announced proposals for a share placing. The company says that shares will be issued at a 1.6% premium to the latest published estimated cum income NAV per share, as at the time the Placing closes, to cover the costs of the Placing, and Winterflood Securities will act as bookrunner in […]
Regional REIT has announced that its asset manager, London & Scottish Property, has exchanged contracts to sell a development site in Leeds for £10.5m, on a subject-to-planning basis, to Unite Students. The 21,000 square foot site, which was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent […]
Pacific Industrial & Logistics REIT (PILR) has announced that it has completed the acquisition of a modern 41,494 square foot logistics warehouse at Victoria Road, Seacroft, Leeds for a total consideration of £2.8 million. It says that the purchase price represents a net initial yield of 6.8% and the site has a rent of £5.00 […]
Qatar Investment Fund (QIF) has announced a tender offer to purchase up to 10% of its issued share capital. This follows QIF’s announcement on 16 October that it intends to change its investment policy to become a Gulf Investment Fund, in which the board announced that it would put proposals for a tender offer. Tender […]
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