Standard Life Investments Property Income is buying two industrial units in Livingston for £3.6m. The purchase price is equivalent to an initial yield of 10.65%. The units are let to UK Mail and Crown Worldwide.
F&C Private Equity delivered a 9.9% return on net asset value over the course of 2013 as its NAV rose to 269.1p. Realisations from the portfolio totalled £42.5m and F&C Private Equity reinvested £39.6m of this. FPEO is thinking about how to refinance its zero dividend preference shares which mature this year and might do […]
The Renewables Infrastructure Group is buying two more solar parks, one in Devon and the other in Essex. These add another 30.4MW of generation capacity to TRIG’s portfolio and come at a cost of up to £37m.
BH Global has announced results for the year ended 31 December 2013. The net asset value of the US dollar share class rose by 1.79% in 2013, the NAV of the Euro shares rose by 1.47% and the NAV of Sterling share class rose by 2.32%. Recent continuation votes held for each share class mean that the euro class will […]
Riverstone Energy has made a C$67 million commitment to Canadian International Oil Corp, part of $200m committed by Riverstone advised entities. Based in Calgary, Canadian International Oil Corp controls and operates an oil field centred on the Montney and Duvernay formations of Western Canada’s Deep Basin, about 400,000 acres in total and currently producing approximately 3,000 […]
International Public Partnerships net asset value increased from 121p to 123p over the course of 2013. Its dividend was increased to 6.15p per share (up 2.5%) and the Board has set targets of 6.3p for the current year and 6.45p for the next. At the end of December it had interests in 122 projects spread […]
Graphite Enterprise has released its results for the year ended 31 January 2014. Over the year its net asset value rose by 7.2% as they harvested £118m from the portfolio, helped by a £14m contribution from the sale of Alexander Mann (the recruitment company) – this deal added £6m to the net asset value. They reinvested £90m […]
GLI Finance has reported an increase in its net asset value from 49.09p to 49.99p per share and paid 5p of dividends over the year, up from 4.7p in the previous year. GLI Finance, led by CEO, Geoff Miller (pictured), made four acquisitions over the year and has made five since, increasing its exposure to the […]
The investment manager of UK Commercial Property, Ignis Asset Management, is being sold to Standard Life. The sale is supposed to complete by the end of Q2 2014. The Board of UK Commercial Property says it “will monitor the situation carefully and update shareholders as appropriate”.
Bilfinger Berger Global Infrastructure has announced its results for the period ended 31 December 2013. Over the year its net asset value rose from 103.5p to 105.6p (helped by a decrease in the discount rate used to value its projects from 8.51% to 8.39%) and it paid out 5.5p in dividends. The company grew in size […]
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