Foresight Solar Fund has announced that its 30MW Copley asset (located in Claypole, Newark) has been successfully connection to the Grid and will qualify for the 1.3 Renewable Obligation Certificate banding under the Renewable Obligation 12-month grace period for projects greater than 5MW. Following the connection of Copley, all 16 assets in the Company’s 338MW […]
Finsbury Growth & Income has published an impressive set of results for the year ended 30 September 2015. In a year when the total return on the FTSE All-Share Index was -2.3%, Finsbury Growth & Income delivered a 12.0% return on net assets and an 11.8% return to shareholders. The dividend has ben increased by 7.1% […]
St Peter Port Capital has announced its interim results for the six months ended 30 September 2015. During the period, the company’s NAV has by 21% to 46.2p per share. The company says that, although some companies continue to make good progress, the resource related part of the portfolio has suffered from the weakness in […]
Edinburgh Worldwide Investment Trust, managed by Douglas Brodie (pictured), has announced its annual results for the year ended 31 October 2015. During the year the company’s NAV by 10.0% and its share price by 13.8% beating its comparative index, the S&P Global Small Cap Index, which increased by 3.5% in sterling terms. The Company says […]
Standard Life Investments Property Income Trust has announced that it is extending the timetable for its initial placing and offer until 11 a.m. on 18 December 2015. The company says that the Investment Manager is in advanced legal negotiations in relation to the sale of one of the properties in the company’s portfolio, which is […]
LondonMetric Property has announced that it has exchanged contracts to sell its 210,000 sq ft WH Smith distribution warehouse in Birmingham to a UK institution for GBP18.2 million, reflecting a net initial yield of 5.2%. The property was acquired in 2013 for GBP10.1 million with 11 years remaining on the lease. Simultaneous with purchase, LondonMetric re-geared […]
Terra Catalyst Fund has announced its interim results for the six months to 30 September 2015. Terra Catalyst’s sole remaining asset is Spazio Investments NV, an externally managed property fund that specialises in investment in Italian industrial real estate. Spazio owns a portfolio of 169 properties of predominantly industrial and logistics use, located throughout Italy. […]
GLI Finance Limited announced, on 17 November 2015, plans to consider the issue of further securities in order to refinance certain existing borrowings as well as to provide additional working capital and finance growth. The related prospectus and circular to shareholders were published on 3 December 2015. One option detailed in this Circular is to […]
Ediston Property has announced that the acquisition of Plas Coch Retail Park in Wrexham for £22.4m (net of acquisition costs) from Diageo Pension Trust. The acquisition, which provides a net initial yield is 6.52% (rising to 7.35% in March 2016 on expiry of a rent-free period), will be funded from existing cash resources and completion […]
Riverstone Energy has announced that it’s placing and open offer, which has raised the full £67.6m. The company announced its intention to raise £67.6m, through the issue of up to 8,448,006 new ordinary shares at £8.00 per share on 23 November 2015. The intention was to use the proceeds to increase its stake in portfolio […]
