Globalworth Real Estate Investments Ltd has announced the acquisition of Skanska’s second building in the Green Court Bucharest project. The gross transaction value is approximately Euro 47 million. Closing of the acquisition is expected in December 2015. Green Court Bucharest is a prestigious, newly built class-A office park comprising three buildings, strategically located in Bucharest’s new […]
Ranger Direct Lending, which listed in May and is still only 76% invested (as at 9 November), says it is planning a C share issue to raise up to £135m. They say they anticipate full deployment of Ranger’s equity capital by early December, within its stated target of fully deploying the net proceeds raised at IPO […]
Securities Trust of Scotland generated a return on net assets of -10.7% over the six months ended 30 September 2015. By contrast, the fund’s benchmark, MSCI World High Dividend Yield Index, returned -9.1%. The discount widened from 5.75 to 7.5% and so the return to shareholders was -12.5%. The dividend was increased from 2.3p to […]
British Empire underperformed its benchmark over the year that ended on 30 September 2015, delivering a total return on net assets of -8.3% against a -5.6% return for the MSCI All Country World ex-US Index. The Morningstar Investment Trust Global Index rose by 3.7% over the period. The discount widened slightly from 10.3% to 11.6% (despite them […]
Empiric Student Property is paying £40m to acquire Windsor house in Cardiff. The property, which is Empiric’s fourth acquisition in Cardiff, is located directly opposite the Group’s existing Summit House property on Windsor Place, in the city centre within a ten-minute walk from the University of Cardiff. Cardiff is also home to Cardiff Metropolitan University […]
AEW UK REIT has announced that it has secured a £40m 5 year term loan facility with RBS International. AEW UK REIT has approximately £81m invested. It will use the Facility to continue its investment process once net IPO proceeds have been fully invested and to provide gearing of up to 20% loan to Net Asset […]
NextEnergy Solar Fund has announced plans to issue and then immediately repurchase into treasury of 30,850,000 new shares. Over time the shares can then be sold out of treasury, which the company says will give it the flexibility to raise additional capital in an “efficient and cost-effective manner”. The company says the shares will be […]
Scottish Mortgage has reported interim results for the six months ended 30 September 2015. It was a period of falling markets – the FTSE All-World Index fell by 11.8%. Scottish Mortgage did a little better, its NAV fell by 10.9% over the period and the share price fell by 9.7%. The interim dividend is being […]
Kennedy Wilson Europe is offering €300m of 3.25% senior unsecured notes due 2025 as the first part of a £2bn programme of bond issuance announced yesterday. The Euro Medium Term Note Programme allows Kennedy Wilson Europe to issue, from time to time, up to £2,000,000,000 of various types of debt securities in certain markets and currencies. Kennedy […]
Over the year to the end of August 2015, Fidelity Special Values generated a return on net assets of 7.4%, well ahead of the -2.3% return posted by its benchmark. The return to shareholders was even better at 12.4% as the discount narrowed from 6.3% to 2.0%. The dividend was increased from 3.3p to 3.35p. […]
