Schroder Real Estate has announced that it has spent £33m of the £40.2m it raised recently to acquire a 25% stake in City Tower, Manchester. The rest of the tower is being bought by other property funds managed by Schroders. City Tower has over 600,000 sq ft of offices, retail and leisure space. The price is […]
Infrastructure India has arranged an $8.1m loan facility. The lender is Cedar Valley (an entity connected to GGIC who own more than 50% of the fund’s shares), the interest rate is 15%, there is an arrangement fee of $81,000 and the money is repayable on 30 November 2014. The loan proceeds will mostly be used […]
Troy Income & Growth has released its results covering the six months ended 31 March 2014. Over this period the net asset value total return was 7.6% – ahead of the 4.8% return on the FTSE All-Share Index. the return to shareholders was 7.7%. The run rate of the quarterly dividends was upped to 0.55p […]
Starwood European Real Estate Finance has increased the size of a loan it made last October by an additional €13.5m to allow the borrower to acquire seven light-industrial and office properties in the Netherlands – this means that they have commitments for 77% of the IPO proceeds
HICL Infrastructure has bought a 10% stake in a planned dual carriageway, the N17/N18, linking Gort to Tuam in the Republic of Ireland and due to be completed in November 2017. HICL Infrastructure has also bought an additional 16.5% stake in the Miles Platting Social Housing PFI Project in Manchester. The total cost for both […]
JZ Capital has announced figures for the year ended 28 February 2014. Over the period it generated a NAV return of 8.8%. It is making a distribution of $0.30 per share. The company invested $150m over the year and is making investments in a new industrial sector – logistics solutions – kicking off with an investment […]
Workspace Group has done a deal with London & Quadrant whereby L&Q will develop a 2 acre site owned by Workspace in Creekside, Deptford – building 148 apartments and a 52,000 sq ft business centre – and will pass Workspace the completed business centre and £9.5m in cash.
Chenavari Capital Solutions has made its second primary deal, a £9m investment in a first loss exposure to a portfolio of c250 primarily investment-grade corporate loans made by a German corporate and investment bank. Following this transaction, Chenavari Capital Solutions will have committed 70% of its IPO proceeds and the company says the manager is […]
Workspace Group is adding to its portfolio of rentable office space in London by buying Vestry Street Studios, a 23,000 sq ft studio space near Old Street, London N1 for £12.55m. The net initial yield is 4.1% but Workspace believe the current rent of £23 per square foot can be improved
International Oil & Gas Technology announced its results for the year ended 31 December 2013 on 30 April. Over the year its net asset value fell from $9.34 to $4.10 as litigation against its former manager dragged on and it was forced to write down the value of some of its holdings.
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