David Smith has been appointed co-manager of Henderson High Income – to work alongside Alex Crooke. David has worked for Henderson Global Investors for the past 11 years and has been a fund manager since 2008.
China Private equity has announced that it is buying four domestic Chinese businesses. The deals are large enough to constitute a reverse takeover under the AIM rules and so CPEH will suspend its shares and prepare a new admission document encompassing the proposed transaction. To finance the transaction, CPEH needs to raise £3m by issuing […]
DUPD’s interest in Henryland Group, a “big box” retail company, has been sold at a substantial discount to DUPD’s valuation at end of June 2013 – the whole asset fetched $23.7m vs. a 30 June valuation of $30.9m – DUPD owned 38%. The statement gives no reason for the substantial change in the valuation.
JRIC has bought a 61 unit apartment complex in East Village Sannomiya for Y796m. The estimated prospective net operating yield is 5.9%.
Globalworth Real Estate has bought Bucharest One – a 20 storey, 48,732 sqm office development that will be the second highest tower in Bucharest once complete. The tower is expected to be complete by Q3 2015.
MedicX has bought a primary healthcare centre in Ynyshir, Porth for £1.6m
BSIF is acquiring three additional solar plants in Hampshire, Norfolk and Glamorgan and plans to extend a plant in Oxfordshire – total cost £38.5m. Following this BSIF will have invested over 75% of the money it raised and will have investments in plants capable of generating 81MW.
Hansteen Holdings has bought a loan secured against a portfolio of 370,000 sqm of mainly multi-let light industrial property in the Netherlands for €41.675m. The underlying borrower, Lancelot Land BV, is in breach of the loan and hence Hansteen was able to buy it at a 51% discount to par. About 20% of the portfolio […]
SDU’s interims for the six months ended 31 October 2013 show an almost 10% outperformance of its NAV over its benchmark and a narrowing of its discount leading to further outperformance ion share price terms. Over the period the NAV returned 17.0%, the benchmark 7.7% and the share price 23.9%. These were the first results since […]
BLND has formed a jv with GIC, Singapore’s sovereign wealth fund. Each party owns 50% of Broadgate and they have plans to refresh and expand the estate to benefit, inter alia, from the development of Crossrail.
