The board of BlueCrest AllBlue has provided an update on the continuation proposals for the fund. The board says that having completed its review of manager proposals received by the Company and consulted with its major shareholders, it proposes to recommend the replacement of its existing management arrangements with a mandate given to J.P. Morgan […]
LondonMetric Property has announced that its joint venture with the Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has sold its retail parks at Camborne, Haverhill and Bristol for £29.5m. LondonMetric’s share of the sale proceeds is £14.7m, which reflects a blended net initial yield of 5.8%. Longwell Green Retail Park in Bristol has […]
Intu Properties has announced that it has announced that it has commenced a (secondary) public offering in the United States whereby it will sell 11,357,837 shares of the common stock of Equity One, Inc. The shares are owned by Intu properties’ wholly-owned subsidiary, Liberty International Holdings Limited. Equity One is a real estate investment trust […]
Woodford Patient Capital Trust, managed by Neil Woodford (pictured), has provided an update to investors which advises that the trust has now deployed the proceeds from its IPO (the trust listed on the LSE in April 2015 raising £800m) and that it has a substantial ongoing pipeline of investment opportunities. The company says that, with […]
NextEnergy Solar Fund has announced that it has acquired of a portfolio of three operating plants totalling 53MWp for £61.7m (including transaction costs plus working capital). The Plants were all connected to the grid during the first quarter of 2015 and are operating under the 1.4 ROC regime. Green End (pictured) is located in Cambridgeshire […]
On 5 January Duet Real Estate Finance announced that a loan it had made against some German hotels (loan 12) had been repaid early, resulting in a cash inflow for the fund and an uplift in NAV thanks to early repayment penalties. The Company’s share of proceeds realised totalled £11m, equivalent to 15.29 pence per share. This […]
Ludgate Environmental Fund has announced that it has entered into an agreement to sell the entire issued capital of Ignis Biomass Ltd to Equitix for £4m. Of this, £2.4m is payable on completion of the sale and £1.6m is deferred pending the achievement of certain performance conditions. The company says that additional payments may also […]
Summit Germany has announced that it has acquired two office buildings, one in Munich and the other in Duisburg, for a total purchase price of €15m (including acquisition costs). The company says that the properties consist of approximately 12,000 square metres of lettable area and are fully let to several strong tenants with a weighted […]
Hammerson has announce that it has exchanged contracts to sell the Villebon 2 retail park to a consortium of French institutional investors for €159m (£116m). Villebon 2 is located in Villebon-sur-Yvette, in the south of Paris region. The park covers 47,500 square metres and was acquired by Hammerson in 2005. Hammerson say that it has […]
Miton Global Opportunities, formerly Miton Worldwide Growth Investment Trust PLC, has announced its interim results for the six-months ended 31 October 2015. During the period, the company’s NAV total return was -4.4% and its share price total return was -2.8%. These compare against a return of -3.6% on the MSCI world and a 1.3% return […]
