LAND : Land Securities sells its Bristol shopping centres Land Securities has sold its 50% stake in Cabot Circus shopping centre, the adjacent Quaker Friars luxury goods and dining centre and high street shops. Collectively these generated rents of £17.3m for Land Securities – they fetched £267.8m, equivalent to a yield of 6.5%. Land Securities […]
CREI : Custodian REIT buys property in Nottingham Custodian REIT is paying £1.741m for 15 St. Peter’s Gate in Nottingham. The retail unit is let to the White Company until June 2020 at a rent of £140,000 per annum – equivalent to a net initial yield of 7.75%. Custodian REIT is paying for the property […]
WTAN : Witan benefits from discount narrowing but underlying performance dull Witan delivered a return to shareholders of 6.9% for the six months ended 30 June 2014. This was almost entirely down to discount narrowing however as the fund shifted to trade on a 1.5% discount. the underlying net asset value total return was 1.1% […]
RSE : Riverstone Energy invests $100m in new Canadian oil & gas company Riverstone Holdings, associated funds, a Middle Eastern Sovereign Wealth Fund and Grafton Asset Management are investing $675m into a new oil & gas company based in Calgary – Canadian Non-Operated Resources LP (CNOR). Riverstone Energy is stumping up $100m of this. CNOR is […]
SLI : Standard Life Investments Property puts another £29m to work Standard Life Investments Property Income has spent £28.65m on three logistics assets. Tetron 93 and Tetron 141 (pictured) both in Swadlincote in Derbyshire and Denby 242 on the Denby Hall estate, also in Derbyshire were built in 2008/9 and throw off rent of £2.1m between them – equivalent […]
ERE : Board considering leaving AIM after Eredene asset value falls sharply Eredene published its accounts for the year ended 31 March 2014 today. The net asset value fell to 11.3p from 18.5p. They are still trying to sell off the portfolio and cut overheads and have had some success – the recent Sattva deal […]
DIVI : Diverse Income races ahead, leaves All Share standing Diverse Income Trust has published its third set of final accounts. These cover the year that ended on 31 May 2014. over that period Diverse delivered a return on net assets of 26.1%. The level of the premium was unchanged on the year and so […]
SVI: SVG Capital sees net inflow in first half SVG Capital received £92.5m in H1 2014 as Pemira stepped up the pace of realisations within its funds and it has seen a further £116.6m flood in since the end of June. SVG reinvested £78.6m of this in the first half and has had calls of […]
NewRiver Retail pays £140m for three shopping centres NewRiver Retail is acquiring a portfolio of three shopping centres. The purchase is being made through its Bravo joint venture – both parties are taking a 50% equity stake in the venture. In total they are buying 758,000 sq ft of space, let to 185 tenants, in three […]
MYI : Murray International outperforms in H1 Murray International Trust, managed by Bruce Stout (pictured), beat its benchmark over the first half of 2014, delivering a total return on net assets of 5.4% vs. a 2.8% return on the company’s benchmark (40% FTSE World UK and 60% FTSE World ex UK). The share price total return […]
