Custodian REIT has made its third acquisition, buying a 49,919 sq ft distribution warehouse near Biggleswade let to Turpin Distribution Services on a lease that expires in 2019. The price of £3.785m equates to an initial yield of 7.5%.
Picton Property Income has published results for the year that ended on 31 March 2014. Over the year its net asset value rose from 49p to 56p. Dividends paid fell from 3.5p to 3.0p. The total return on net asset for the year was 21.6% but the total return to shareholders was 50.2% as the company’s […]
India Capital Growth has been thinking about its future and has decided to call an EGM where it will propose 1) that shareholders are issued with subscription shares and 2) that the dates of the company’s forthcoming continuation votes are changed. The subscription shares would, if issued, be exercisable at asset value two years after being […]
Tau Capital has cut the value of Stopharm again and will now vale this investment at $8m. Tau Capital say the devaluation of the Tenge in February made Stopharm’s imports of pharmaceuticals (most of which are priced in euros or US dollars) more expensive without automatically allowing it to raise prices in Tenge as sales prices […]
Spark Ventures has drawn investors’ attention to the announcement from IMIMobile, Spark’s largest investment, that it intends to float on the AIM market. Spark Ventures say they will hang onto some of their investment in the company. At the moment they own 27% of IMIMobile and value it at £14.8m.
ARC Capital Holdings has published its final results for the year that ended on 31 December 2013. While these numbers are very out of date now, they do say that the NAV fell from $0.92 to $0.83 over the year. It made two sales in the year – of Goodbaby and Shaanxi Dade Eucation Development […]
Assura Group has announced that it is buying 28 medical centres at a total cost of £107m – paid as £10m in cash, the assumption of £77.7m of debt and by the issuance of 44.3m new shares in Assura to the vendors, a company controlled by Ray Seymour and Alistair Blacklaws, founders of MP Realty Holdings. The […]
Standard Life Investments Property Income was on the other side of three of the four deals that New River Retail announced yesterday. SLI sold Halfords in Paiseley, Poundstretcher in Wymondham and Clough Road Retail Park for £11.89m. The aim of the deal from SLI’s point of view was to reduce its exposure to upcoming tenant lease […]
GCP Sovereign Infrastructure has released a statement to update shareholders on the difficulty of investing its IPO proceeds. They say that “Whilst the Company has reached substantive agreement with Borrowers in relation to transactions in a total size of c$100m, the due diligence process has highlighted risks which GCP believes would take such transactions outside […]
GLI Finance has announced that, following a successful placing and offer for subscription by Fair Oaks Income Fund, GLI has exchanged its holdings in its two remaining CLO investments for $20.4m in cash and 34,298,425 shares in Fair Oaks Income Fund (issued at $1). The total value of the CLO investments at 3 June (the […]
