In what seems to be a continuation of a trend, Schroder Real Estate has announced today that it is applying to become a REIT. The reason behind this is a change to their current taxation arrangements – they had a deal with HMRC whereby the tax they paid as an offshore company was fairly low. […]
VinaCapital Vietnam Opportunities Fund added around 1% to its NAV over the second half of 2014. This was well ahead of the Vietnam Index which fell by 6%. The best performing part of the portfolio was their private equity positions. They sold An Giang Plant Protection for $63.1m. This investment was originally purchased five years ago […]
Dunedin Income & Growth outperformed the FTSE All-Share Index by 4% over the year that ended on 31 January 2015, over the period the fund’s net asset value total return was 11.1% vs. 7.1% for the Index. The return to shareholders was just 6.8% however as the shares moved from trading on a 1.6% premium […]
Summit Germany has refinanced 9 of the 11 properties in its portfolio that were acquired in April 2014 with a €33m loan from a German bank. With this deal done, they are able to repay the debt lent to them by Summit Israel (the parent company). The new loan comes at an interest rate of 1.96% […]
Aberdeen Asian Smaller Companies has announced interim figures covering the six months ended on 31 January 2015. The total return on net assets was 5.9% in the six months to 31 January 2015. By comparison, the MSCI AC Asia Pacific ex Japan Index and MSCI AC Asia Pacific ex Japan Small Cap Index total returns […]
Vietnam Infrastructure’s interim results for the six months ended 31 December 2014 have just been published. Over that period the fund’s net asset value fell from 61 cents a share to 60 cents. Towards the end of the period, shareholders approved plans to restructure the fund but the regulatory approval of this has been delayed […]
Empiric Student Property has announced the acquisition of St Mark’s Court in Leeds. This property, which was completed in 2009, is a high-quality, modern purpose-built student accommodation scheme comprising 85 large self-contained studios with communal facilities and secure parking spaces. Empiric’s Board believes that there is scope to extract further value through asset management, including a […]
Camper & Nicholsons Marinas Limited, has signed an agreement with its landside partner, Westcourt Real Estate (Europe) Ltd and the Homes and Communities Agency to permit the development of Victoria Quay, a landside and seaside development which includes a new 400 berth marina, at East Cowes, Isle of Wight. The agreement is subject to the satisfaction […]
Starwood European Real Estate Finance has announced results for the year ended 31 December 2014 that show a small increase in its net asset value from 99.13p to 100.08p but a much larger increase in its share price from 100.75p to 106.25p. Dividends per share were 5.8p, to give a total return on net assets […]
GLI Finance has increased its stake in Trade River Finance from 9% to 43.9% and taken its interest in Trade River’s preference shares up to 100% by offering to swap shares in Trade River for shares and zeros issued by GLI Finance. A number of shareholders took up the offer and 6.2m new GLI shares have […]
