Tritax Big Box gets green light for new distribution centre – The UK-focused logistics investor, Tritax Big Box REIT (BBOX), has received planning permission for the development of a new regional distribution centre (RDC) at Symmetry Park, Biggleswade. The facility has been pre-let to The Co-op Food Group, part of The Co-operative Group. Co-Op Group […]
Starwood European Real Estate Finance (SWEF) has this morning announced that it has raised £40m in an ordinary share placing. The placing was announced on May 7, which we covered here. Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the acquisition of Buxtehude […]
GCP Student Living raising capital for new London build – GCP Student Living (DIGS) is to raise capital through an ordinary share placing, which will be directed towards financing the purchase of Scape Canalside, a new-build asset located immediately adjacent to Queen Mary University of London and in the same locality as the company’s existing […]
JZ Capital Partners (JZCP) reported annual results covering the period to February 28, 2019. The company, which mainly invests in US and European microcap companies and US real estate, delivered an NAV return of +0.6%. David Zalaznick, JZCP’s co-founder and investment adviser, said: “We are pleased with the continued strong underlying performance of the US and European microcap […]
Edinburgh Dragon picks some winners in China while Korea and India lag – Edinburgh Dragon Trust (EFM) has reported half-year results this morning, covering the period to Ferbruary 28, 2019. Total return NAV was down 1.1% and the share price up 1.2% in the comparison period to August 31, 2018. Moutai a highlight EFM’s chairman, […]
HgCapital to invest in B2B platform Litera Microsystems – The private equity trust, HgCapital (HGT), has this morning announced that it is investing in Chicago-based Litera Microsystems (Litera), a provider of end-to-end document lifecycle solutions to the legal and life sciences industries worldwide. HGT will invest approximately £32.1m in Litera (terms have not been disclosed […]
Starwood European looks to raise £40m – Starwood European Real Estate Finance (SWEF) has announced a new ordinary share placing with a target raise of £40m at a price of 104.8 pence per placing share. SWEF’s shares have closed most of the discount to NAV that came about in late 2018 on the back of […]
Hedge fund trust Third Point Offshore Investors has solid start to 2019 – Third Point Offshore Investors (TPOU) announced in December 2018 that it would migrate its entire portfolio into a newly-created share class of the underlying Master Fund managed by Dan Loeb and his team (you can read more about this story here). TPOU […]
British Empire Trust (BTEM) has entered into an agreement with Scotiabank Europe for a Japanese Yen 4.0bn revolving credit facility for a period of three years. The facility is equivalent to £27.7m at current exchange rates. BTEM wants to add some flexibility to the management of its gearing and the new facility will also bring […]
Carador Income Fund discusses wind-down timeline – Carador Income Fund (CIFU) has reported a 10.52% decline in its NAV total return over the year to December 31, 2018, on the back of the wider sell-off in global markets in Q418. We note that the decline in the NAV compared with growth of 9.53% in 2017, […]
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