NextEnergy Solar Fund (NESF) has announced the results of its placing. It says that the level of confirmed demand was significantly in excess of the original targeted fundraising of £100m and that due to the substantial oversubscription, the Board, after consulting the Investment Manager, has elected to exercise its right to increase the size of […]
LXi REIT has announced that it has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Kent, West Sussex and Gloucestershire. The purchase price for the Portfolio is £3.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company). Lxi REIT […]
BlackRock Greater Europe has announced that it has been informed that Vincent Devlin, co-portfolio manager of the Company, will be stepping down as portfolio manager. Stefan Gries, a senior Director within the BlackRock’s European Active Equity team has been appointed co-portfolio manager alongside Sam Vecht, who retains principal responsibility for the Company’s emerging European portfolio. […]
Supermarket Income REIT has announced its intention to launch an initial public offering of its shares on the specialist fund segment of the main market of the London Stock Exchange. Seeking to raise up £200m Supermarket Income REIT is seeking to raise up to £200 million by way of a placing and offer for subscription. […]
Custodian REIT (CREI) has announced that it has acquired the 23,007 square foot Wells Green Retail Park in Sheldon, five miles from Birmingham city centre on the busy A45 Coventry Road. The agreed purchase price of £5.1 million was funded from the Company’s existing cash resources, resulting in net gearing2 increasing to 19.6% loan to […]
Workspace Group (Workspace) has announced that it has exchanged contracts for the disposal of the third and final phase of the mixed-use redevelopment of Bow Enterprise Park, E3. It says that the final phase of the redevelopment, comprising 130 residential units, has been sold for £6.3m in cash and the return of a new 40,000 […]
Hansteen Holdings has announced that it has completed the disposal of its German and Dutch portfolios for €1.28 billion. The sale, originally announced on 20 March 2017, is entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate. Hansteen says that the transaction has resulted in net cash […]
Adamas Finance Asia has announced that, further to its previous announcement on 24 February 2017 in relation to the proposed disposal of its interest in the Tian Tong Shan Villa Project, the Company’s wholly owned subsidiary, Lead Winner Limited, has received a payment of HKD$52,353,176 (approximately US$6.8 million) in final settlement of the amount due […]
Alpha Real Trust (ARTL) has published its annual results for the year ended 31 March 2017. During the period, the trust’s NAV per share grew by 15.2% to 158.9p. It also paid a quarterly dividend of 0.6p (2.4p in total for the year). Its chairman, David Jeffreys, describes the period as a, “very active year […]
LXi REIT has announced that it has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Yorkshire. The purchase price for the Portfolio is £3.8 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company). The company says that the properties […]
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