GCP Infrastructure on First Priority Housing – Civitas Social Housing was not the only fund with exposure to First Priority Housing, the housing association that got itself into difficulties when it ended up with a lot of empty properties. On 22 February 2018 the Board of GCP Infrastructure announced that the directors and the investment adviser, Gravis Capital Management, were monitoring […]
Funding Circle SME Income report a solid set of results – Funding Circle SME Income Fund (FCIF) delivered its annual financial report for the 12 month period to 31 March 2018. Highlights The NAV per ordinary share rose by 14.9% (total return) over the report period. The share price remains at a premium to NAV of 4.8% and is little changed […]
Hipgnosis Songs Fund buys into The-Dream – Hipgnosis Songs Fund Limited has reached agreement to acquire its first music catalogue from Terius Youngdell Nash, better known by his stage name The-Dream. Hipgnosis Songs will acquire a 75% interest in the catalogue for up to US$23.75m. The remaining 25% interest in the catalogue will be retained by The-Dream. The […]
NewRiver REIT buys Hollywood – Retail & Leisure Park (Barrow in Furness) – not California! NewRiver has acquired Hollywood Retail & Leisure Park, Barrow-in-Furness, from an institutional investor for GBP15.3 million. They say that the deal offers NewRiver a number of opportunities to extract further value, including the immediate conversion of two existing units to introduce a 20,000 […]
Hibernia sells Dublin office for €65.3m – Hibernia REIT (HBRN ID) has exchanged contacts to sell New Century House in Dublin for €65.3m. The buyer is a fund managed by Credit Suisse Asset Management Global Real Estate. Completion is expected to occur in September 2018. Hiberia report that the price is modestly ahead of the March 2018 […]
Target Healthcare REIT buys in Yorks and Lancs – Target Healthcare has completed the acquisition of two properties for a total value of GBP13.9 million (including acquisition and forward funding costs): Target acquired the freehold of Cantley Grange, a modern purpose-built care home in Doncaster, South Yorkshire. The 40-bed home, which opened in 2007, has full en suite […]
LondonMetric Property swaps Odeon for shed – LondonMetric Property has exchanged on the sale of an Odeon Cinema in Warrington for GBP13.7 million, reflecting a NIY of 4.8%, and acquired an urban logistics asset in Milton Keynes for GBP12.0 million, reflecting a deemed NIY of over 5.0%. At Warrington, the 10 screen, 36,000 sq ft cinema formed part of […]
Atlantis Japan has another great year – Atlantis Japan Growth Fund has published results for the year ended 30 April 2018. The NAV per share increased by 38.8% compared to an increase of 13.5% for the TOPIX in GBP. Aided by this strong NAV performance, the market capitalisation has now increased to over GBP110m. The discount was 9.6% on […]
NextEnergy Solar adds 10 solar plants to its portfolio – and adds a new revolving credit facility of £40.0 million with Santander. As part of its ongoing growth programme, NextEnergy Solar Fund (NESF) has acquired ten operating solar plants with a total installed capacity of 66.8 MWp in the West Country. The aquisition was done by way of a share […]
Fidelity Special Values lowers its fees – The board of Fidelity Special Values (FSV) has followed other companies in the Fidelity Investment trust stable by arranging with Fidelity, the investment manager, a lower new tiered fee structure. Fidelity European Values was the first to announce its lower fee in March 2018. Fidelity Japanese Values and Fidelity China Special Situations announced the same in […]
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