Real Estate Credit Investments has published its results for the year that ended 31 March 2014. Over the year its net asset value rose from £1.50 to £1.54. The £50m it raised in November 2013 was successfully deployed into or committed to a number of loans. The dividend for the year is 2.7p – matching […]
TwentyFour Income Fund released its results on 10 June. These cover the period from 11 January 2013 to 31 March 2014. The company was admitted to trading on 6 March 2013 raising £150m – expanded through subsequent issuance to £267m. The net asset value at the end of the period was 117.66p and the share […]
Results for European Residual Income Investments have been released alongside those of Real Estate Credit Investments. Over the year to the end of March 2014, ERII received a cash inflow of €3.1m. At the end of the period ERII had sufficient assets for the Directors to recommend a further dividend and they have declared a […]
Unitech Corporate Parks has received a cash offer for Candor Investments – the holding company for its property interests – that values the subsidiary at £205.9m – freeing up enough cash to make a return to shareholders equivalent to 56p per share. Shareholders will have to approve the transaction but the Board is pointing out […]
Tritax Big Box REIT is buying the Next Group distribution warehouse in West Moor Park, Doncaster for £60m – this equates to a net initial yield of 6.07%. Barclays Bank is providing a £16.4m facility , secured against the warehouse (a loan to value of 27%). Tritax Big Box REIT’s finance, post this loan, will […]
New River Retail has bought four retail parks for £17.3m. The purchase price is equivalent to an initial yield of 9.1%. Overall the portfolio adds up to 196,300 sq ft of lettable space which is fully let to six tenants with an average unexpired lease length over 7 years. New River Retail says it has bought […]
Monks Investment Trust has published its results for the year that ended 30 April 2014. Over the year the fund delivered a total return on net assets of 5.2% which compares to a return on the fund’s benchmark index, the FTSE World Index, of 6.8%. The return to shareholders 5.4%. Dividends for the year were unchanged […]
The Establishment Investment Trust has published its results for the year that ended 31 March 2014. Over that period its net asset value fell by 20.4% and its share price fell by 17.4%. By comparison, the MSCI All World Index rose by 6.2% and the MSCI AC Asia ex Japan Index fell by 6.4% over […]
Masawara has published its final results for the year that ended 31 December 2013. Shareholders’ equity fell by $9.6m to $72.6m. The managers say that the company has been adversely affected by a slowdown n the Zimbabwean economy. TA Holdings, 41% held by Masawara, wrote down the value of their investment in Sable Chemical Industries by $13.7m […]
ARC Capital Holdings has been award RMB90m plus interest and arbitration fees by the China International Economic and Trade Arbitration Commission in respect of ARC Capital’s sale of Jiadeli Supermarkets. The sale concluded in October 2010 but the buyer, HNA Group, and ARC Capital were unable to agree on the amount of a “holdback” related to […]
