K&C REIT has made its first acquisition – buying 25 Colherne Road, a 3,976 sq. ft. residential building in Chelsea, London, comprising ten studio apartments for £3.63m. 25 Coleherne Road was valued at £4m on 22 June 2015. The Group also owns a further three smaller properties. The property is held through an SPV, Silcott […]
Starwood European Real Estate Finance has committed to provide two facilities for a total of DKK350.3m (about £33.5m) for a portfolio of light industrial assets throughout Denmark. The first facility is a mezzanine facility to refinance a portfolio already owned by the sponsor. The second facility is a whole loan to support the acquisition of […]
Polar Capital Technology managed to beat the Dow Jones Word Technology Index over the year to the end of April 2015 as its net asset value per share returned 30.7% as compared to 29.5% return on the index. shareholders did even better as the discount narrowed from 3.6% to 1.2%, giving them a 33.9% return on the share price. […]
Alpha Real Trust has announced the purchase of a 162 unit central Birmingham development site with planning consent (original plan pictured) for 90,000 net developable square feet of residential apartments with ground floor commercial. The site has no outstanding Section 106/Community Infrastructure Levy requirements and has an affordable unit designation for 9 flats. Current planning […]
Schroder UK Growth has published results for the year ended 30 April 2015. The fund lagged the FTSE All-Share index by some margin over this period, returning 1.9% on net assets and negative 3.1% on share price (the discount widened to 8.4%) as compared to positive 7.5% for the benchmark. the dividend for the year […]
Custodian REIT has acquired a 16,143 sq ft industrial unit at Glasgow International Airport let to DHL Global Forwarding (UK) Limited on a lease expiring on 31 March 2020. Net passing rent is £92,385 per annum, reflecting a net initial yield of 7.08%. Other logistics occupiers at the airport include UPS and Expeditors. The agreed […]
Better Capital has published figures for its 2009 and 2012 cells for the year ended 31 March 2015. For the 2009 cell the net asset value grew by 11% driven by solid performance from two of the investee companies in Fund I, Gardner and Santia. For the 2012 cell, the combination of write-downs in City […]
Kennedy Wilson Europe has issued £300m of bonds. These have been rated BBB. The bonds, which are unsecured, have an annual fixed coupon to the Company of 3.95%, which was effectively reduced to 3.35% as a result of KWE entering into swap arrangements to convert 50% of the proceeds into Euros. Interest on the Unsecured Bonds is […]
Primary Health Properties is buying two modern, purpose built health care facilities for a total consideration of £8.7m by acquiring: 1) the entire share capital of a company whose sole asset and activity is the ownership of a medical centre located in Thornaby, North Yorkshire (pictured). The property is occupied by two GP practices, a pharmacy, […]
Alcentra European Floating Rate Income has announced results for the year ended 31 March 2015. the net asset value fell slightly in Sterling terms (from 106.56p to 105.31p) but rose in Euro terms from 129.06 cents to 145.7 cents. The dividend fell to 5.04p from 5.21p. As at 31 March 2015, the portfolio was invested in […]
