Key AEW UK Long Lease REIT tenant enters administration – It has been announced today that AEW UK Long Lease REIT’s (AEWL) largest tenant by rental income, Meridian Metal Trading (Meridian), has fallen into administration. Meridian occupies two industrial assets within the AEWL portfolio located in Dudley, West Midlands and Sheffield. The annual passing rental […]
Difficult year for high yield funds like City Merchants – High yield investors like City Merchants High Yield (CMHY) operated in choppy waters over the second half of 2018 as investors went on the defensive. Spreads between high yield and investment grade bonds widened and, by association, prices on these securities fell. The company’s NAV […]
Gresham House Strategic delivers 20.4% return to shareholders – Gresham House Strategic (GHS) uses a more involved private equity style of investing to take positions (no more than 10-15) in mainly UK-based small-cap stocks (it can also invest upto 30% in unquoteds). GHS has been one of the best performing small-cap funds over the three […]
Globalworth Real Estate announces €170m Poland deals – In a further sign of strength in the Polish economy, Globalworth Real Estate (GWI) has completed two deals in Poland, which were identified, for a combined €169.9m. The deals are being carried out by GWI’s Polish subsidiary. Key takeaways from the two deals: Warsaw trade tower Acquired […]
Axiom European Financial Debt sees attractive entry points – Axiom European Financial Debt (AXI) has reported results for the year to December 31, 2018 with shareholder total returns down following the challenges the sector faced in the fourth quarter. AXI was setup to take advantage of change in the regulatory environment applying to the capital […]
AXA Property proposes investment policy and name change – Following on from the appointment of Blake Nixon to the board last week (click here to read to more on this story) and consultation with shareholders, AXA Property (APT) is proposing a change in its investment policy today. APT’s board is proposing the company becomes an […]
Sirius Real Estate completes non-core asset sale programme – Sirius Real Estate (SRE), a leading operator of branded business parks providing conventional and flexible workspace in Germany, has completed the sale of its Bremen Dötlinger Strasse Business Park, to a private investor, for €6.3m. The sale is in line with the book value at 30 September […]
Tufton Oceanic buys two cargo ships for $13.5m – Tufton Oceanic (SHIP) is growing its vessel fleet to 14 after striking a deal to acquire two general cargo ships for $13.5m. They will be the first investments made from the proceeds of a placing announced in March, where $50m was raised. Click here to read […]
Dolphin Capital asset disposals gather pace in 2018 – Dolphin Capital (DCI), the Mediterranean focused developer and investor in luxury residential and resort projects, made a number of sales in 2018 as part of ongoing efforts to fully divest its portfolio. Taking into account deferred tax liabilities, NAV was down 14% in the year to […]
EJF Investments delivers 19.1% NAV total return in 2018 – EJF Investments (EJFI) outperformed its total return target of 8-10% in the year to December 31, 2018, delivering a NAV total return of 19.08%. Through its subsidiaries, the fund invests in opportunities created by regulatory and structural changes impacting the financial services sector. These opportunities […]
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