Pershing Square Holdings (PSH) has announced that it intends to apply for a Premium Main Market listing, for its ordinary shares, on the London Stock Exchange and that, following admission, it expects that its shares will be eligible for inclusion in the FTSE All-Share and FTSE 250 indices. PSH says that its listing on Euronext Amsterdam will […]
Electra Private Equity (Electra) has announce that it is declaring a special dividend of £1.0 billion, representing 2,612p per share, to be paid on 5 May 2017 to shareholders on the register of members at the close of business on 7 April 2017. Electra says that its estimated pro forma NAV per share, as at […]
Regional REIT’s results for 2016 (its first full year as a REIT) are out. Its EPRA NAV slipped slightly to 106.9p from 107.8p. Fully diluted EPRA earnings per share were 7.7p (IFRS EPS 4.9p) derived from an operating profit before gains and losses of GBP29.9m and Profit Before Tax of GBP13.4m, with rental income of GBP43.0m and an […]
Epiris has announced that it has sold Electra Private Equity’s remaining stake in Allflex Corporation to an existing shareholder. Electra has received proceeds of GBP70.3 million from the sale, an uplift of GBP1.5 million or 2% on the valuation of its investment in Allflex at 30 September 2016, equivalent to an increase in NAV per share […]
Hansteen Holdings has announced that its all-cash offer, of 300p per share, for Industrial Multi Property Trust (IMPT) has become unconditional. It says that, at 22 March 2017, it had received valid acceptances of its offer in respect of 2,500,657 IMPT shares, representing approximately 29.73% of IMPT’s issued share capital. In addition, Hansteen has acquired […]
International Public Partnerships (INPP) has announced that its current intention is to seek to raise additional capital following the publication of its annual results on 30 March 2017. It says that it expects to complete its investment in National Grid’s gas distribution network (announced on 8 December 2016) within the next few weeks and to […]
Prospect Japan’s chairman says that, for the year ended 31 December, 2016, the company had a disappointing year with a decline in published NAV of 9.49% compared with MSCI Japan Small Cap Index’s increase of 8.22%. Furthermore, the share price has fallen from $1.05 to $0.89 with an increased discount to published NAV of 27% (2015: […]
Primary Health Properties has contracted to fund and acquire a purpose built primary care centre in the Republic of Ireland. Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, has contracted to provide development funding for the construction of a new primary care centre in Carrigaline, for a total cost of EUR7.3 million […]
LondonMetric Property has announced a placing of up to 62,804,390 new shares (approximately 9.9% of its issued share capital). They intend to use the net proceeds of the placing to fund the acquisition of predominantly “last mile” distribution assets and to finance newly committed distribution developments. The cash will be used to fund committed and potential investments and new […]
Standard Life Investments Property Income Trust posted a 4.4% return on net assets for 2016 (4.4% on an IFRS basis, on an EPRA basis the return was 4.9% – based on IFRS NAV of 81p, down from 82.2p, and EPRA NAV of 82p, down from 82.7p). The share price total return over the year was […]
