The Board of Invesco Perpetual Select Trust has announced that, with effect from 4 October the management of the Company’s UK Equity portfolio will pass to James Goldstone. James has 15 years’ industry experience and has worked closely alongside Mark Barnett for the last four years. He currently manages circa GBP160 million in UK Equity Pension Fund and […]
Baillie Gifford Japan Trust PLC outperformed its benchmark index over the year to 31 August 2016 by 4 percentage points. Net asset value per share, after deducting borrowings at fair value, rose 25.7%, while the TOPIX index gained 21.5%. In this period the Company’s share price increased by 16.3%. Having traded at a premium for most […]
SVG Capital has provided an update regarding the proposed sale of the company’s investment portfolio and wind down. The Board says that it has agreed in principle the key commercial terms of a proposed sale of 100% of the investment portfolio to funds managed by Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group […]
Custodian REIT has announced that it has acquired a 92,672 square foot distribution unit, on Centrum 100 Business Park, Burton upon Trent, for £7.06m. The unit is let to Kings Road Tyres and Repairs Limited, on a lease expiring on 26 July 2031, which is subject to a tenant’s option to break in 2021. The […]
3i Infrastructure has announced that it has committed to invest €6.5m in the A27/A1 primary Public Private Partnership project in the Netherlands. The company is investing as part of a consortium, 3Angle B.V. (3Angle), which also comprises Heijmans Capital (a joint venture between Heijmans and 3i Infrastructure) and Fluor Infrastructure. This investment is 3i Infrastructure’s […]
For the year ended 30 June 2016 Bluefield Solar Income Fund reports that its NAV fell to 99.39p from 103.58p. It paid dividends totalling 7.25p, ahead of expectations. The share price at the end of June was 99.75p, a small premium to NAV, but since the end of the year, the shares have rebounded and currently […]
Custodian REIT has acquired a 36,168 sq ft retail warehouse in Leighton Buzzard, located 10 miles from junction 12 of the M1. Nearby occupiers include Tesco, Aldi and Waitrose. The property is let to Homebase Limited on a lease expiring on 22 December 2023 with a current passing rent of GBP524,436 per annum, reflecting a net […]
North American Income Trust reports that, over the six month period to 31 July 2016, the Company’s net asset value per share rose by 28.0% on a total return basis, in sterling terms, outperforming both its reference indices, the S&P 500 and the Russell 1000 Value, which provided total returns of 21.0% and 23.2% respectively […]
Electra Partners is pleased to announce that, following the successful initial public offering (“IPO”) of its portfolio company Premier Asset Management Group PLC, it expects to partially realise Electra Private Equity PLC’s (“Electra”) investment in the business. Based on the offer price, Electra’s investment in Premier has a value of GBP46 million, an uplift of […]
Project Finance Investments Limited has announced that it has made a 16 year loan in an amount of up to GBP12.8 million to finance the construction and operation of a care home which, upon completion in 2017/18, will comprise c. 67 units. The loan is secured by way of first ranking charges against the property […]
