SEGRO PLC has announced that it is to acquire 90% of Vailog Srl for €39.6m (£28.1m). SEGRO say that the purchase will allow them to establish a strategic big box warehouse presence in the Northern Italian logistics market with opportunities to grow additional scale through development. Segro also say that Vailog has developed over 1.5 million […]
GCP Infrastructure Investments has announced its results for the six months ended 31 March 2015. Profit for the period was £22.1m, which is a 16.9% increase year-on-year and the company was trading at an 11% premium to its NAV as at 31 March 2015. An additional £70m of equity was raised during the period, through a placing ,whilst […]
Empiric Student Property has announced the acquisition of St Margaret’s Flats (pictured) – a freehold, operational, direct-let, student accommodation property in Durham for £5.1m (excluding acquisition costs). Built in 1994, the property has 109 beds, principally comprising 5-bed flats, across five blocks and was refurbished for the 2011/12 academic year. This included the replacement of all kitchens, bathrooms […]
Secure Property Development & Investment has announced that it has agreed to acquire a series of property assets in Romainia and Bulgaria reflecting its strategy to build a portfolio of commercial real estate in East and South East Europe. The acquisition is to be funded by issuing new SPDI shares to the vendors of the […]
HgCapital Trust has announced that it is investing £19.7m to acquire a majority investment in The Foundry Visionmongers Ltd, a visual effects software development company, from The Carlyle Group. HgCapital trust is making its investment through HgCapital 7 Fund, alongside other institutional clients of HgCapital, in a transaction that places an enterprise value of £200m on the Foundry. […]
SQN Asset Finance Income Fund has announced that it is looking to raise £30m through a placing of new ordinary shares. The company had its IPO in July 2014 raising £150m and since this time has funded £122m of investments. However, the company says it now has funded, approved and committed investments of £173m as well […]
Electra Private Equity’s interim has released its interim results for the six-months ended 31 March 2015. These show a 12% increase in NAV during the period, whilst Electra’s share price rose 19%, reflecting a narrowing of the discount. This compares favourably against the FTSE All-Share returned, which returned 5% during the period. The total return on the portfolio was £11m of […]
Ecofin Power & Water’s total shareholders’ funds fell by 9.5% and by 8.0% on a total return basis over the six months ended 31 March, 2015. The net asset value per Ordinary Share fell by 12.0% on a reported basis, and by 10.6% on a total return basis. The price of an Ordinary Share declined by 7.0%as the […]
Terra Capital’s results for the year ended 31 December 2014 have just been published. At that date the net asset value per share stood at $0.979 against $0.956 for 2013. This represents an increase of 2.4% for the year and a total return of 5.9% for the year including the dividend of 3.35 cents per […]
Great Portland Estates’ results for the year ended 31 March 2015 show a 24.6% uplift in its EPRA NAV as the property portfolio delivered underlying capital growth of 18.0% with a total property return of 21.5%. This in turn was driven by falling yields. Including rent from pre-lets and leases currently in rent free periods, the […]
