Tritax Big Box REIT has announced that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK (“TK Maxx”), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price […]
GLI Finance’s new investment company, GLI Alternative Finance, raised £52.7m, a large proportion of which came from GLI Finance itself as it swapped loans on its balance sheet for shares in the new fund. The new fund will start trading tomorrow (23 September). The intention is to expand the fund with a series of C […]
Utilico is reporting a return on net assets of 6.4% for the year to the end of June 2015, ahead of the 2.6% return on the FTSE All-Share Index. However the discount widened from 22.8% to 30.8% over the year and so the return to shareholders was negative – the share price fell by 8.6% […]
After trading for just a few days, Cambria Africa has asked that its shares be suspended again “pending clarification of a dispute in relation to a material agreement”. We will have to wait to see what this means. UPDATE 30 September 2015 The dispute relates to the secured loan agreements held with Consilium Corporate Recovery […]
UK Commercial Property Trust has announced that it has acquired Ventura Park in Hertfordshire for £67.1m through a swap transaction with SEGRO plc, which also comprises the sale to SEGRO of a 298,850 sq ft Asda Distribution Centre in Northampton for £31m. UK Commercial Property Trust paid the £36.1m difference from its existing cash resources. Ventura […]
New Star Investment Trust’s net asset value rose by 4.8% over the year to the end of June 2015 and its share price was 2.8% higher. This compares to a 6.7% return for the IA Mixed Investment 40% – 85% Shares sector and a 10.1% return on the MSCI AC World Index. Shareholders will get a […]
Dunedin Income Growth’s results for the six months ended 31 July show the fund’s asset value falling by 2.1% and the share price by 4.7% despite a 2.8% positive return on the FTSE All-Share. on the dividend, they say they intend to make three equal distributions of 2.575p in August, November and February and to pay […]
Kuala Innovations has subscribed for 1,471 ordinary shares of SatoshiPay at a price of EUR108.76 per SatoshiPay Share, for total cash consideration of EUR159,985.96. At the price paid by the Company, SatoshiPay has an aggregate value of approximately EUR1.6 million. SatoshiPay is developing a two-way payment platform, which will enable online content providers to monetise […]
Last night Advance Frontier Markets published results for the year ended 30 June 2015. Over that period the fund’s net asset value fell by 11.2% and the share price fell by 10.9%. The MSCI Frontier Markets Net Total Return Index declined by 13.9% over the period. The manager says asset allocation, manager selection and discount movements […]
Custodian REIT has acquired a 19,493 sq ft trade counter unit on Stephenson Road, North Hykeham, three miles south-west of Lincoln and one mile from the A46. The unit is let to MKM Building Supplies Limited on a lease expiring on 10 June 2022. Net passing rent is GBP169,711 per annum, reflecting a net initial yield of […]
