Assura has announced the acquisition of Abbey Healthcare Group Limited and Abbey Healthcare Property Investments Limited from its former shareholders Peter Archer and Gina Archer. As part of the consideration, payable under the terms of the acquisition, Assura has agreed to issue to the Sellers 2,229,072 ordinary shares to the sellers. Based on the closing […]
British Land has announced that it has let the first floor of Marble Arch House (pictured) to Cirrus Logic, a provider of analogue and digital signal processing equipment. This follows deals announced earlier this year to let the fourth and second floors to BXR Partners LLP (private investment) and GTECH (global gaming technology). Existing tenants include […]
Real Estate Investors has announced the acquisition of three properties located in the West Midlands for £22.23m. The acquisitions provide a net initial yield of 8.22% with a weighted average unexpired lease term (‘WAULT’) of 8.49 years. The properties produce a total annual rental income of £1,932,995 and the company says that there are a […]
Custodian REIT has announced that it has acquired the ground floor and part of the first floor of a leisure development in Abbey Sands, Torquay (pictured). The investment comprises four food and drink outlets on the seafront, close to the marina and town centre, let to Le Bistro Pierre Limited, Las Iguanas Limited, Loungers Limited […]
John Laing Environmental Assets has announced the acquisition of a 4.2 MWp solar energy generation portfolio for £18.8m. The portfolio comprises 796 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The portfolio benefits from the UK feed-in tariff for 25 years from the date […]
Seneca Global Income & Growth Trust, managed by Alan Borrows and Simon Callow (pictured), has announced that it has put in place a two year short term rolling debt facility of £7m. The new facility replaces the two year short term rolling debt facility which expired on 31 October 2015. The margin on the new facility is […]
Treveria sold off its old property portfolio and gave cash back to shareholders but the listed company is still around and is being transformed into something else – it looks as though this will have something to do with the resources sector. Treveria has appointed Allenby Capital and Peterhouse Corporate Finance as joint-brokers. Peterhouse Corporate Finance has […]
The Board of Baillie Gifford Shin Nippon has announced that Baillie Gifford, the Company’s Investment Manager, will appoint Praveen Kumar as portfolio manager of Baillie Gifford Shin Nippon PLC with effect from 1 December 2015. After eight years as portfolio manager of Baillie Gifford Shin Nippon, John MacDougall will take up another role within the […]
Manchester & London has published results for the year ended 31 July 2015. These show that the fund just outperformed its benchmark, the Dow Jones U.K. Total Stock Market Total Return Index, returning 5.0% on net assets vs. 4.8% for the index. The Directors are proposing a final ordinary dividend per share of 1.70p and […]
Aurora Investment Trust has published a half year report covering the six months ended 31 August 2015. The FTSE ALL-Share index declined by 8.3%, whereas the FTSE100 Index, on account of its high exposure to oils and commodities, fell by 10.0%. In comparison the Net Asset Value of the portfolio reduced by 5.7%. Management of […]
