RSE : Riverstone investment funds Bellatrix Exploration Riverstone Energy has announced that Canadian Non-Operated Resources Corp (a Riverstone investment earlier this year) is funding half the cost of drilling, completion, equipping and tie-in capital expenditures associated with Bellatrix’s development plans to the tune of $250m ($40m of which is Riverstone’s). Bellatrix has extensive acreage and […]
LMP : London Metric buys Dixon Carphone distribution centre London Metric Property is paying £68.5m to acquire a 726,500 sq ft distribution centre in Newark leased to Dixons Carphone. The unit is let at a rent of £4.5m per annum with five yearly fixed uplifts to 3.0% pa compounded, and has an unexpired lease term […]
MCKS : McKay Securities expands redevelopment site in Woking McKay Securities has announced the acquisition of The Planets in Woking. The building occupies a site of just over an acre in the centre of Woking and is adjacent to a building (1 Crown Square) McKay bought in January this year. Currently The Planets is let to […]
WKP : Workspace sells part of Poplar Business Park to Telford Homes Workspace Group is selling the first phase of the redevelopment of its Poplar Business Park project (800m from Canary Wharf) to Telford Homes. Telford will build 170 apartments and 8,000 sq ft of light industrial space. Workspace is getting £16.3m in February 2015, […]
PAX : Pacific Alliance Asia Opportunity ups convertible bond exposure Pacific Alliance Asia Opportunity has published its interim accounts covering the six months to the end of June 2014. The net asset value rose by 4.8% over the period as the underlying Master fund rose in value by 5.1%. The announcement says that the Master […]
SQN : SQN Asset Finance lends against Snoozebox SQN Asset Finance announced in the middle of the month that its Board had approved £95m of investments and funded £15.9m of this. The Board said this was in-line with the progress they’d anticipated when the fund listed in July 2014. Today they have announced that they have […]
BABS, BABE, BABU, BBTS : Bluecrest spinning out systematic trading business Blucrest, managers of the Bluecrest BlueTrend and Bluecrest AllBlue funds, have announced that the systematic trading operations of the company are to be spun out into a separate vehicle, Systematica. The firm will launch in January 2015, and will initially have offices in Jersey, […]
RICA : Ruffer – dull performance precludes a crash? Ruffer Investment Company has published its annual accounts for the year ended 30 June 2014. Over the period its net asset value fell from £2.139 to £2.065, which after dividends translated into a negative total return of 2.6%. The share price fell by 6.5% over the period. […]
WKP : Workspace sells off ten industrial estates Workspace Group is selling off ten industrial estates, encompassing a total of 281,500 sq ft, for £44.3m The properties are being bought by Capital Industrial One BV. The price is a 35% premium to the value of the estates at the end of March 2014. The estates […]
ESP : Empiric Student Property adds to Southampton exposure Empiric Student Property has announced that it is paying £3.5m for a student accommodation property in Southampton. The property is on London Road in in central Southampton, close to Southampton Solent University and between the city centre and the University of Southampton and has 46 beds arranged […]
