Land Securities has announced that it has exchanged contracts to sell its 50% stake of 20 Fenchurch Street, EC3M (the walkie talkie building) for £641.3 million and proposes to return £475 million to shareholders. The purchaser is LKK Health Products Group who will also acquire Canary Wharf Group’s 50% stake in the building, bringing the […]
LMS Capital is proposing to return up to £11 million to shareholders by way of tender offer and repurchase of up to 16.29% of the issued share capital of the Company at a price of 70p per Ordinary Share. The company says that the tender offer price represents a 5% discount to the 30 June […]
Custodian REIT has announced the purchase of a 30,404 square foot retail warehouse on Snipe Retail Park, Ashton-under-Lyne, adjacent to junction 23 of the M60. The unit is occupied by B&M Bargains Limited, with nearby retailers including B&Q, Halfords, Home Bargains, Dunelm, Argos and Harveys. The unit’s lease expires on 8 January 2032 with a current […]
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser’s costs), which is being funded by the Company from equity. Good access to rail and […]
BlackRock Throgmorton Trust has announced a change in the management fees payable to its manager, BlackRock Fund Managers Limited. Under the new fee structure, the base management fee will be reduced from 0.70 per cent. to 0.35 per cent. of gross assets per annum with effect from 1 August 2017. The performance fee is also […]
NewRiver REIT has announced that it has exchanged contracts for the pre-sale of the entire residential element of its major mixed-use regeneration of Burgess Hill town centre. Delph Property Group, which NewRiver REIT describes as a well-established family run residential investment company, has agreed to purchase all 142 residential units for £34 million. It also […]
Redefine International has announced that it has submitted a proposal to International Hotel Properties Limited to increase its shareholding in IHL from 17.24% to 50%. International Hotel Properties is listed on the Euro MTF market of the Luxembourg Stock Exchange and on the AltX of the Johannesburg Stock Exchange (JSE). Redefine International say that it […]
Vietnam Enterprise adjusts fee structure – The Board of Vietnam Enterprise Investments Limited has announced a change to the company’s management fee structure. With effect from 1 August 2017, the annual management fee payable to the company’s investment manager, Enterprise Investment Management Limited, will be amended from the current 2.00% of net assets per annum […]
HICL buys HS1 channel tunnel link – HICL Infrastructure Company Limited has signed an agreement to acquire a 35 per cent equity interest in the entities that comprise the High Speed 1 Project (“HS1”). HICL is a member of a consortium, alongside funds managed by Equitix Investment Management Limited and third party funds managed by […]
Amedeo Air Four buys A350-900 aircraft – Amedeo Air Four Plus say that, as anticipated in their prospectus dated 13 June, 2017, the company, via its wholly-owned subsidiary, AA4P Lambda Limited, purchased one A350-900 aircraft bearing manufacturer’s serial number 123 on 13 July, 2017. The aircraft has been placed on lease to Thai Airways International Public Company […]
