NewRiver Retail is buying a portfolio (“the Ramsay Portfolio”) of retail parks and development sites for £69.1m. the price is equivalent to an initial yield of 8% on the income producing assets. The Portfolio is to be acquired from a major foodstore operator utilising a portion of the funds to be raised following completion of the […]
Invista European says its Strategic Review has included a number of discussions with third parties in order to achieve either a recapitalisation of the Company or a sale of subsidiary undertakings owning the core portfolio. Recently, there has been a tenant default as well as the unexpected exercise of lease breaks which, in the absence of […]
Oryx International Growth outperformed both the FTSE Small Cap. and the AIM Index over the year that ended on 31 March 2015, producing a total return on net assets of 5.2% vs. 2.8% for the FTSE Small cap. and -15.8% for the AIM Index. This result builds on the company’s good track record of recent […]
Templeton Emerging Markets Investment Trust has announced that, with effect from 1 October 2015 and subject to regulatory approvals, Carlos Hardenberg, senior vice president and managing director, Templeton Emerging Markets Group will be named lead portfolio manager of TEMIT working alongside Mark Mobius, who remains as a portfolio manager on the fund. Carlos will relocate to London. […]
Artemis Alpha announced results for the year ended 30 April 2015 late on Friday. These show it underperforming the FTSE All-Share index by some margin – the total return on net assets was -0.9% while the return on the index was 7.5%. Shareholders did even worse however as the discount widened from 10.2% to 15.7% […]
Infrastructure India has published its results for the year ended 31 March 2015. Over this period the net asset value fell from 62p to 55p despite by strengthening of the Indian Rupee against Sterling at the end of the fiscal year, a decrease in the yield of the Indian 10 year bond, which serves as the […]
Hammerson says it has exchanged contracts to sell its interest in Grand Maine shopping centre situated to the south west of Angers, to a leading French institutional investor for a net €63.2m (£45.3m). Grand Maine comprises 8,600 sqm of retail space with 57 units over two levels, and is adjacent to a large Carrefour supermarket. […]
North Atlantic Smaller Companies announced that on 8 July it signed a conditional contract to sell its investment in Celsis. On completion, the transaction will increase the net asset of the Company by just over £1 per share and increase the cash balance by approximately £50m. NAS : North Atlantic Smaller sells Celsis
Spark Ventures’ results for the year to the end of March 2015 show that the NAV fell by 12% over the year (adjusting for cash returns) but they point out that it has recovered most of this fall since the end of the period. 4.5p or £19m has been returned to shareholders. They struck a […]
AEW UK REIT has made two further acquisitions for £14.65m. Sandford House, located in Solihull town centre, provides 34,418sq ft of offices with parking for 130 vehicles. It was acquired for £5.4m. The property is fully let to the UK Borders Agency with a tenant break option in just under 2 years. The purchase price reflects a […]
