Hammerson has announced that it has exchanged contracts for the sale of Westwood and Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million. The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book value. The retail parks, covering a total of 24,900 […]
Hadrian’s Wall Secured Investments (HWSL) has announced the results of C Share Placing and Offer for Subscription, through which it has raised £45.2m. HWSL says that, in total, applications were accepted in respect of 45,194,862 C Shares, comprising 40,456,862 C Shares under the Initial Placing and 4,738,000 C Shares under the Initial Offer for Subscription. […]
UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP (TwentyFour) have announced the mandate for Oat Hill No.1 PLC, a public securitisation of Buy-to-Let mortgages originated by Capital Home Loans, purchased in February 2017 by UK Mortgages. TwentyFour, the appointed Portfolio Advisor, has mandated BofAML as Arranger and BofAML and NatWest Markets as Joint Lead […]
McKay Securities has announced its full-year results for the year ended 31 March 2017. The company describes the year as being one of, “Strong performance, delivering record rental income and portfolio value”. The company’s summary of the year’s highlights are as follows: Financial Highlights Adjusted profit before tax up 8.3% to £8.60 million (31 March […]
North Atlantic Smaller Companies (NAS) has announced its annual results for the year ended 31 January 2017. During the period under review, the fully diluted net asset value per share rose by 8.1% to an all time high of 2,968p. This is markedly below the rise in the sterling adjusted Standard & Poor’s Composite Index, […]
RM Secured Direct Lending (RMDL), which listed on the London Stock Exchange on 15 December 2016, has announced the results of its recent placing. The company says that it has received commitments from investors subscribing for a total of £7.1 million (before costs and expenses) via the Placing and that, accordingly, an aggregate of 7,000,000 […]
John Laing Environmental Assets (JLEN) has announced that, further to the acquisition of the Moel Moelogan 2 wind farm (made of the on 20 April 2017), it has made a follow-on acquisition of the Moel Moelogan 1 wind farm (pictured) for a total cash consideration of £3.0m, including working capital and the repayment of a […]
Northern Investors is proposing to return a further £6.4 million to Shareholders, representing 257.5 pence for each Ordinary Share currently in issue, utilising the B Share Scheme that was approved by Shareholders on 19 January 2017. The company says that, under its proposals, Shareholders will receive 5.15 B Shares for each Ordinary Share held by […]
As per its announcement on 27 April 2017, Aberforth Geared Income Trust (AGIT) has reached agreement with Aberforth Split Level Income Trust plc (ASLIT) on the terms of the reconstruction and winding up of AGIT, under which ASLIT will act as a rollover option for investors in AGIT. AGIT has published a circular in respect […]
CVC Credit Partners European Opportunities has announced that, in the light of the Company’s total return performance in 2016 and year to date 2017, its Board of Directors has revised the Company’s dividend target from the current level of 5 pence / 5 Euro-cents per ordinary share, to target a dividend of 5.5 pence / […]
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