In its results announcement released on Christmas Eve, JPMorgan Asian reported underperformance of the fund’s benchmark and a widening of its discount. The Board have held talks with JPMorgan and are anxious that performance improves over 2015. They will hold a continuation vote in 2016 and the statement reads as though the Board would recommend […]
Intu Properties is buying Puerto Venecia shopping centre and retail park in Zaragoza for €451m. The price equates to an initial yield of 5% (based on rental income of €22.4m). €225m of the cost will be funded by a term loan supplied by HSBC (interest rate of 3.5%) and the balance will come from Intu’s own […]
Tejoori has published its results for the year ended 30 June 2014 – some time ago now. The net assets attributable to shareholders rose from $25.97m to $26.89m. The money they have in Wakala deposits attracts a profit rate of 5% per annum. The larger part of the increase in the value of the company […]
GCP Infrastructure has completed a £12.3m investment in a loan note issued by GCP Social Housing 1 Limited. £1.4m of this money has already been committed and the rest will be deployed over the next five months. The loan note has a life of 35 years and will be used to provide a loan facility secured on […]
Electra Private Equity has announced that Axio Data Group, one of the companies it owns, has sold a specialist logistics intelligence business, Breakbulk, to ITE, the exhibitions group, for £10m. With this deal Electra has taken £76m in cash out of Axio, a business it paid £91m for in 2013, yet Axio still owns five other […]
Starwood European Real Estate is providing £45m towards the £200m refinancing of the Aldgate Tower, a new Grade A office building located in the City of London. The terms of the loan have not been disclosed but Starwood say “The loan’s interest rate is part fixed with part floating over 3 month LIBOR. The Company expects […]
Kennedy Wilson Europe is spending £503m to acquire a portfolio of 180 mixed use properties all of which are in receivership and all of which were financed by Aviva Commercial Real Estate Finance. the money is coming in part from KWE’s cash resources and part from a £352.3m secured facility provided by Aviva Commercial Real […]
Fair Oaks Income Fund has announced that it has exercised its right as majority holder of the Income Notes in T2 Income Fund CLO I Ltd to redeem all of the notes of T2 CLO. they say the liquidation of the remaining assets in T2 CLO is well underway with the vast majority of assets sold in […]
Empiric Student Property has bought the Algernon Firth student accommodation block in Leeds for £7.2m. Algernon Firth has 111 beds arranged as a mixture of en-suite flats and loft-style studios. The apartments sit within in a Grade II listed building that was originally built for the University of Leeds in 1933 and is named after Yorkshire Industrialist, […]
Globalworth has expanded its presence in the Bucharest office market with the acquisition of the Unicredit Building for €43m. The Unicredit Building is a landmark, class-A office property completed in 2012 and entirely leased to Unicredit Tiriac Bank, part of Unicredit Group, on a long term basis. It is located in in the north part […]
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