Investment Company News

13 Feb 2015

Throgmorton hit by widening discount

BlackRock Throgmorton has published results for the year ended 30 November 2014 that show the company’s net asset value return marginally behind that of the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index; the NAV returned -1.1%, the Index -0.6%. The share price return though was -5.7%, reflecting a widening of BlackRock Throgmorton’s discount. […]

13 Feb 2015

Marwyn increases exposure to Le Chameau

Marwyn Value Investors has announced that the underlying fund that it invests in, Marwyn Value Investors LP, is increasing its stake in Marwyn Management Partners, the owner of Le Chameau. Established in 1927, Le Chameau is a French heritage footwear brand specialising in the production of bespoke, handmade rubber boots. Marwyn Value Investors LP has undertaken […]

13 Feb 2015

Henderson Opportunities outperforms in a difficult year

Over the year to the end of October 2014 Henderson Opportunities net asset value total return was 3.4%, ahead of its peer group (the AIC UK All Companies Sector) which returned 0.6% and ahead of the FTSE All-Share index which returned 1%. The share price did even better, returning 9.3%. The manager’s report has a […]

13 Feb 2015

British Land starts work on 4 Kingdom Street

British Land announced this morning that it has started work on its development at 4 Kingdom Street in Paddington. The recently re-designed nine storey building will have typical floorplates of 15,000 sq ft, with each floor having a large corner terrace and a glass pod designed as a creative meeting space. The core of the […]

12 Feb 2015

Kennedy Wilson buys Dublin offices

Kennedy Wilson Europe Real Estate is effectively paying €45m to acquire Gardner House, Wilton Street, Dublin. They had exposure to this asset beforehand in the form of two loans secured by a mortgage over the property. They have agreed with the borrower that the fund will take title to the property in exchange for the forgiveness of […]

12 Feb 2015

Standard Life Property raising cash to fund warehouse deal

Standard Life investments Property Income Trust intends to raise £16m from investors to fund the acquisition of a modern freehold retail warehouse property, located in Preston, for £16m (excluding costs). At the acquisition price, the warehouse generates a yield of 7% with 16 years remaining on the lease. It is located adjacent to a major foodstore and […]

11 Feb 2015

New European Property 20% uplift in distribution

New European Property Investments has published its results for the year ended 31 December 2014. Over the period the net asset value rose from €3.56 to €4.52 and the adjusted net asset value, which adjusts for items such as goodwill and deferred tax, rose from €3.70 to €4.63. The directors have announced a 17.35 cent distribution […]

11 Feb 2015

Sirius buys two business parks

Sirius Real Estate is spending €21.8m on two business parks in Aachen and Bonn. The Aachen business park is located in the expanding Würselen district, just west of the Company’s Bonn and Cologne parks and well situated next to the Dutch and Belgian borders.  It has a total lettable area of 26,759 sqm and is […]

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