Picton Property has announced its EPRA net asset value at the end of June 2014 was 58.9p – up 4.6% on the value at the end of March 2014. June was a good quarter for UK property. Picton report that, according to the IPD Monthly Index, total returns in the quarter to June 2014 were positive […]
Over the first half of 2014 Temple Bar Investment Trust, managed by Alastair Mundy (pictured), generated a total return on net assets of 0.3% – slightly behind the return on the FTSE Al-Share Index of 1.6%. the interim dividend has been increased by 3% to 15.55p. The Board has announced that, with effect from January 2015, […]
The Board of Max Property, owner of a portfolio of property that includes St. Katherine’s Dock (pictured), has announced this morning that it has received an offer for its entire portfolio. A company controlled by Blackstone Real Estate Partners Europe IV has offered £414.2m in cash for Max’s portfolio – 22% more than the valuation of […]
Terra Capital has published interim figures covering the first half of 2014. Over that period the net asset value rose to $1.01 from $0.96 and the company also paid out a dividend – the total return on the net asset value was 8.6%. The Chairman says the fund is now 73% invested. New investments made […]
GCP Infrastructure Investments is lending £12.2m against a vehicle, GCP Biomass 3, which is financing two operational plants selling gas generated from the anaerobic digestion of biowaste. The projects are subsidised by the Government’s Renewable Heat Incentive scheme (“RHI”) and the gas is sold to the national grid. The lending takes the form of notes with a c15 […]
F&C Commercial Property Trust, managed by Richard Kirby (Pictured) has acquired a brand new 151,500 square foot production and distribution warehouse (Unit 1, The Hive, Liverpool International Business Park) for £11.9m. The property is let to Johnson Controls Automotive on a 15-year lease, at a passing rent of £812k, which represents an initial yield of 6.45%. F&C […]
Aurora Investment Trust has announced that James Barstow, manager of the fund, is considering retiring within three years. The fund, which just passed its continuation vote, will now be managed with this in mind. The Board say that from July next year the only new investments that will be permitted are FTSE100 stocks. They are […]
Scottish Investment Trust has announced that John Kennedy, manager of the fund for the last 10 years and an employee for 21 years, has left the Company on 18 July 2014 (although he will stay on as a consultant for a short period to mange the handover to his successor). The Board thanked him for contribution over this […]
JPMorgan European Smaller Companies, chaired by Carolan Dobson (pictured), is changing its fee arrangements. The old arrangement (1.3% of the company’s market capitalisation) will be replaced with a fee of 1% on net assets. The change will take effect on 1 April 2015.
Highcroft Investments has bought a freehold warehouse investment in Ash Vale, Aldershot. The 24,853 sq ft warehouse was built 2001. It sits on a 1.5 acre site (covering about 35% of it). The property is let in its entirety to Buildspan Limited, a wholly-owned subsidiary of Sheffield Insulation Group (SIG). The lease runs until 2027. The current rent is £225,000 a year […]
