John Laing Infrastructure Fund has signed a Sale and Purchase Agreement with John Laing Infrastructure Limited (a wholly-owned subsidiary of John Laing Group plc) in respect of the acquisition of a 100% interest in the A55 Llandegai to Holyhead road PPP project. The A55, running from Holyhead across north Wales, forms part of the Trans-European Transport […]
AEW UK REIT has published interim results covering the period from 1 May 2016 to 31 October 2016. Under European Public Real Estate Association (‘EPRA’) methodology, earnings per share for the period was 3.81 pence and the NAV per share at 31 October 2016 was 95.47p, down from 98.97p. During the period, they paid an […]
The Board of Phaunos Timber has published a presentation that outlines a new strategy for the company. In summary the presentation covers the following: The intention of the Phaunos Board to propose a resolution for the continuation of the company for a further 5 years The potential to provide yields of 3-5% and NAV growth […]
Aberdeen Frontier Markets’ Board says that the number of ordinary s that were tendered is such that the Board is of the view that the continuance of the company as currently constituted is not in the best interests of the continuing shareholders (i.e. the ongoing fund would have been too small). Accordingly it has exercised the right, […]
International Public Partnerships Limited (INPP) has announced that it is part of the Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The Company says that it expects to invest up to £275 million, with the remaining risk capital funded by the other consortium partners […]
Tritax Big Box REIT has announced that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park, Fradley, Staffordshire. The development is pre-let to Screwfix Direct Ltd, whose ultimate parent is Kingfisher Plc The development represents an investment of £52.7 million, […]
Sequoia Economic Infrastructure Income Fund has announced the results of its recent placing, which took place under its placing programme. The company was targeting a placing of in excess of £40m and, under the terms of its placing programme, has the authority to issue up to a maximum of 120m shares. The company says that […]
Over the six months to the end of October 2016, Monks’ net asset value total return was 25.3%, beating the World Index which returned 23.6%. The share price total return for the same period was 27.5%, with the discount to NAV* narrowing to 8.0%. They say that the biggest positive contributors to performance were technology stocks: US […]
Witan has reviewed the benchmark it uses to measure its performance and has made the following adjustments: UK reduced from 40% to 30% North America increased from 20% to 25% New allocation to emerging markets of 5% They say that Witan’s benchmark, which is used as a reference point for comparing performance, has evolved over […]
The Board of AXA Property Trust Limited has announced that the company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is EUR22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of […]
