SEGRO plc and Hermes Property Unit Trust have completed a property swap transaction. SEGRO has acquired from Hermes a 9,800 sq m single-let, modern distribution warehouse in Hayes, West London for £21.9m. Hermes has purchased from SEGRO two multi-let industrial estates totalling 29,300 sq m, both situated close to Heathrow Airport for £47m. The balance of £25.1m […]
Enough of Premier Energy & Water’s existing ZDP holders have rolled over into its new issue to leave it oversubscribed. There will be no placing of new zeros. We talked about the new issue in this month’s warrants, subscription share and zeros roundup. the new zero (PEZ), issued by PEWT Securities 2020, will start trading on […]
Dunedin Smaller Companies has announced results for the year ended 31 October 2015. over this period the fund underperformed the FTSE Small cap (ex Investment Companies) Index, returning 10.7% on net assets against 13.1% for the benchmark, but a narrowing of the fund’s discount, from 16.9% to 15.0%, gave shareholders a 13.7% return. The dividend has […]
The Board of NB Distressed Debt has announced that it is curtailing its buy-back programme on the Global and Extended Life shares. At the time of writing, the Global shares have fallen by 4.0% today and the extended Life shares by 3.7%. 1) with respect to the Global shares they said: “The discount control policy […]
JPMorgan Asian has published results for the year ended 30 September 2015 that show the fund managed to outperform its benchmark. During the year under review, JPMorgan Asian’s return on net assets was -2.9%, outperforming the MSCI AC Asia ex Japan Index, which delivered a -6.3% return. The Board had been warning JPMorgan that performance […]
AEW UK REIT’s shopping spree continues with the purchase of three more properties for £12.2m. The first comprises a prominent 49,764 sq ft town centre leisure investment in Southend-on-Sea, let to Odeon Cinemas Limited with a WAULT of approximately 7 years to expiry. The property was acquired for GBP5.7m (net of acquisition costs) reflecting a […]
Empiric Student Property has announced that it has exchanged contracts to acquire Provincial House, a 107 bed forward funded development in Sheffield, for a total investment of £11m. Empiric is to acquire the freehold to the site, which is located in central Sheffield, immediately next to the University of Sheffield’s north campus. The existing property […]
Blackstone / GSO Loan Financing has announced that it is considering raising additional capital through an issue of shares. The company’s board say that this reflects what they consider to be an attractive investment and funding environment. They also say that any fundraise will be subject to market conditions and further details will be announced in due […]
Infrastructure India has announced its interim results for the six months ended 30 September 2015. The announcement says that the value of the Company’s investments decreased 10% to £331.6m during the period (£368.6m as at 31 March 2015), whilst its NAV decreased by 12% to £329.3m (£373.6m as at 31 March 2015). Reflecting this, the […]
LXB Retail Properties has announced its annual results for the year ended 30 September 2015. During the period, the company’s EPRA NAV per share has reduced by 23.1% but this largely reflects the return of £82.6m of cash to shareholders in June. The company says that, taking into account the cash return, there has been […]
