WKP : Workspace posts 20% rise in NAV Workspace has announced its results for the six months ended 30 September 2014. they say that over this period the EPRA NAV is up 20% to £5.97 from £4.96 on a 15% increase in property values. Earnings per share rose 27% to 8.4p and from this they […]
SGRO : SEGRO sells £153m logistics portfolio SEGRO has sold a logistics portfolio, comprising six logistics properties and a smaller regional warehouse for £153.3m – 3% more than the value of the properties in SEGRO’s accounts at the end of June. The portfolio was capable of generating £11.2m in rents. The 185,331 sq m portfolio comprises […]
MCP : Martin Currie Pacific underperforms in transitional period Martin Currie Pacific said the MSCI Asia ex Japan index rose by 8.65% over the six months that ended on 30 September while the company’s NAV on a total return basis increased by 6.69% and the share price by 10.52%. The company changed its mandate during […]
LAND : Land Securities beats IPD in busy six months Land Securities has generated an 11.5% uplift in net asset value and a 7.5% uplift in earnings per share over the six months that ended on 30 September 2014. The ungeared return on property was 9.9% – ahead of the 9.3% return on the IPD […]
KWE : Kennedy Wilson Europe buys in Buckingham Palace Road Kennedy Wilson Europe says it has bought the company that owns 111 Buckingham Palace Road, Victoria SW1 for £207.5m, which equates to a yield of 5.1%. 111 Buckingham Palace Road is a 227,165 sq ft landmark, Grade A London office building. It is fully occupied with a […]
BIOG : Another great period for Biotech Growth Trust Biotech Growth Trust beat its benchmark over the six months that ended on 30 September 2014 delivering a return on net assets of 20.3% vs. a return on the NASDAQ Biotechnology Index of 19.1%. The share price return was 21.4%. Top contributors to performance in the […]
CGW : Chelverton Growth Trust driven by uplift in unquoted holdings Over the year to the end of August 2014 Chelverton Growth Trust generated outperformance over the MSCI Small Cap UK Index with a total return on net assets of 14.5% vs. a 7.5% return on the index. The company’s rating improved dramatically (from a discount […]
BSRT : Baker Steel set for massive expansion Baker Steel Resources Trust, which at close of business on Friday 7 November had a market capitalisation of £19.8m and was trading at a discount of 47.2%, has announced details of a considerable expansion of the fund via 1) a stock swap of investments for new equity […]
WKP : Workspace buys in Fleet Street Workspace Group is acquiring 160 Fleet Street for £29.7m. They describe it as “a beautiful Portland stone period building, originally constructed in the 1920’s and entirely refurbished in 2009 to include a new reception, gym, breakout areas and a dedicated suite of meeting rooms”. the building has 54,000 […]
BTEM : British Empire hedges yen exposure British Empire Securities delivered a return on net assets of 6.8% over the year to 30 September 2014 – ahead of the 5.1% return on the company’s benchmark (MSCI All Country World ex-US Index). Shareholders also saw the discount narrow resulting in a return to them of 8.9%. […]
