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 / […]
Alpha Real Trust today announces that it has agreed to sell a 70% equity interest in the H2O shopping centre in Madrid (“H2O”) to CBRE European Co-Investment Fund, managed by CBRE Global Investors. The sale is at a 4.8% premium to the latest published valuation of the shopping centre, as at 30 September 2016. The […]
Safestore Holdings has announced that it has refinanced its US Private Placement Notes on ‘improved terms’ and has agreed an amendment and extension of its existing bank facilities to extend the average maturity and lower the cost of the Group’s debt financing. Under the refinancing, the existing $65.6m 5.83%1 2019 US Private Placement Notes and […]
David Hardy to take up the reins at John Laing Infrastructure Fund John Laing Environmental Assets (JLEN) has announced that David Hardy is transferring within John Laing Capital Management (JLCM) to take on the role as investment adviser to John Laing Infrastructure Fund (JLIF). David Hardy has been involved in leading the management of JLEN […]
For the year ended 31 March 2017, Land Securities’ NAV slipped as it said that its markets are pausing for breath. The chairman says that “In the London office market, we expected the occupational balance to shift from demand to supply during the course of 2017. The Brexit vote brought that inflexion point forward“…”Over the […]
The Board of Perpetual Income and Growth Investment Trust has announced a change to its management fee. It is removing its performance-based fee and making an adjustment to the calculation of the base fee. With effect from 1 April 2017, the annual management fee will be calculated at an annual rate of 0.6% per annum on the first £900m […]
Tritax Big Box REIT has announced that it has acquired a National Distribution Centre at Trax Park, Doncaster, for £20.9 million (excluding purchaser’s costs), reflecting a net initial yield of 5.61% on the asset acquisition. The purchase is being funded from equity proceeds. The company says that the proeprty is let to Unilever, one of […]
British Land has announced results for the year ended 31 March 2017. It says that its EPRA NAV fell very slightly, by 0.4% to 915p. Underlying profit rose by 7.4% to GBP390 million (2015/16: GBP363 million) and, on the back of this, diluted underlying earnings per share were up 10.9% to 37.8p. They are paying […]
Aberforth Smaller Companies Trust has announced that it has renewed its existing unsecured £125 million Revolving Debt Facility with The Royal Bank of Scotland plc for a further three years. The facility bears interest at 0.80 per cent over LIBOR and is due to expire on 15 June 2020. Aberforth Smaller Companies is the largest trust […]
Raven Russia has announced that it has signed a memorandum of understanding (MOU) with the Central Union of Consumer Cooperatives for the Russian Federation (Russian Co-Op) to develop a nationwide network of wholesale distribution centres for agricultural products. Raven Russia says that the MOU provides for the parties to create a network of modern warehouse […]
