Schroder Real Estate Investment Trust has published its results for the year that ended 31 March 2014. Over the year the net asset value total return was 14.4%. The capital value of the underlying properties appreciated by 6.3% and, including income, the property portfolio generated a return of 13.7% – ahead of the IPD benchmark […]
Infrastructure India’s 100% owned “Vikram Logistic and Maritime Services ” saw its Nagpur terminal facility commenced domestic operations on 18 July. Initial operations are for domestic containerised cargo only but movements of export-import cargo are currently scheduled for the second half of 2014. The terminal expects to commission an automobile logistics park, liquid tank farm and […]
Custodian REIT has acquired a freehold public house property, on Frogmore Lane, High Wycombe, for £1.625m. The property is currently let to the “Stonegate Pub Company” (the UK’s largest independent pub company whose brands include Yates’s, The Slug and Lettuce, The Living Room and Scream). The Frogmore lane property, currently trading as a Yates’s Wine Lodge, is let on […]
Vinaland has divested a number of its ‘hospitality investments’ (mostly smaller operating hotels) as well as Movenpick Hotel in Hanoi for US$ 19.9m (at a c 5% premium to their carrying value as at 31 March 2014). Since November 2012, VNL has been focused on asset realisation and the sale proceeds are to be deployed both […]
BlackRock Commodities Income , managed by Olivia Markham (pictured) with co-manager Tom Hall, has released its interim reports for the six months ended 31 May 2014. The total return on the net asset value for the period was 7.9%, whilst share the total return on the share price was 5.2%, reflecting a widening of the discount during the period. […]
Empiric Student Property acquires additional Birmigham student accomodation for £12m. Empiric Student Property has exchanged contracts to acquire an 106 bed, student accommodation property, on Bristol Road, Selly Oak, Birmingham for £12m. Located within five minutes walk of the University of Birmingham, the freehold “Mansion Brook” property is next to “Edge Apartments” that ESP has also agreed to purchase. Collegiate […]
Picton Property Income has acquired a distribution warehouse in Rushden, Northamptonshire, for £20m. The 312,000 square foot warehouse is currently leased to electrical component manufacturer Belkin, until April 2020, and the transaction represents an initial yield of 7.7%. Following this purchase, Picton has now largely deployed the proceeds, that were allocated to new asset purchases, from the £35m fundraising […]
Infrastructure India has announced proposals to raise up to $102m (c £60m) by way of a placing at a price of 18p per share (closing price on 14 July = 14.5p). An EGM is being held on 11 August to seek the necessary authority from shareholders. IIP is an AIM quoted investment company focused on investment in Indian […]
Target Healthcare REIT, a specialist investor in UK care homes, has acquired three purpose-built care homes and four specialist care bungalows for £20.4m. The facilities are located in Norfolk and Northern Ireland and are leased to Priory Group (the UK’s largest provider of mental health and elderly care services) for a period of up to […]
Juridica Investments has announced an investment in AC Kinetics, a privately-held US-based developer of an advanced induction motor control algorithms, which aim to reduce energy consumption while improving performance. In announcing the purchase JIL, which invests directly and indirectly in a wide variety of business-to-business related litigation and arbitration claims, advised that they believe the AC […]
