The Board of Schroder European Real Estate Investment Trust has announced the exchange of contracts for the purchase of a EUR30.1 million office property located in Saint Cloud, Paris, reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of an established office complex in Saint Cloud, a densely […]
Livermore Investments Group Limited has announced that it has sold its subsidiary Livermore Investments AG, which holds the Wyler Park property located in Bern, Switzerland, for net proceeds of CHF 57.8m on 28 October 2016. LIV : Livermore sells Wyler Park Bern
The Board of JPMorgan Russian Securities says that, with effect from 1st November 2016, the company’s benchmark will be changed to the RTS Index in sterling terms (RTS). The Company’s previous benchmark was the MSCI Russia 10/40 Equity Indices Index in sterling terms. Having consulted with major shareholders, the Board has decided that the RTS […]
Volta Finance Limited has published its results for the financial year ended 31 July 2016. Volta produced a total return of 3.8% in NAV terms. This has been accompanied by a narrowing of the discount of the share price to NAV from nearly 20% at the half-year point to less than 14% at the end of […]
Capital & Counties Properties PLC has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC for GBP67.5m before purchaser’s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let building produces an annual rental […]
3i Infrastructure plc has signed an agreement to invest approximately £185m to buy 100% of Infinis plc and its subsidiaries. These own the landfill gas (“LFG) interests of the Infinis Group. Infinis is the leading generator of electricity from LFG in the UK. LFG is a naturally occurring product resulting from the decomposition of organic […]
CQS New City High Yield Fund says its net asset value total return was 1.0% for the year ended 30 June 2016. The share price total return for the same period was 4.7% and the premium increased to 3.5%. The fund’s earnings per share were 4.50 pence for the year, essentially unchanged from the 4.51 pence earned the previous […]
Over the year to the end of June 2016, VinaCapital Vietnam Opportunity Fund beat its benchmark, the VN Index, by over 10%. The fund’s NAV returned 15.3% in US dollar terms against 4.3% for the index. Listed equities were 47.9% of the portfolio at 30 June 2016, down from 52.4% the previous year. this part of […]
Terra Capital has won its battle with the Macau tax authorities. Following the sale of the AIA tower, the Fund sought to be allowed to deduct the accumulated, but not applied, depreciation from the selling price, thereby reducing the taxes due by about $1.9 million USD. Terra Capital won the initial court case but the Macau […]
Golden Prospect Precious Metal’s interim results, covering the six months ended 30 June, reflect the strength of the gold price and the weakness of the pound during that period. The NAV rose by 130% over the year. This performance is ahead of comparable indices and in line with the GDXJ ETF. The manager says that […]
