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 […]
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.
IERE has announce that Bank of Scotland has agreed to extend the maturity of its loan to IERE until 30 April 2014. Bank of Scotland has sold the loan to Promontoria Holdings and IERE hopes to use this additional time to explore solutions to refinancing the loan with the new owner of the debt.
JLIF has bought additional stakes in three assets – Street Lighting projects in Lambeth and Redcar and Peterborough Schools (a new build academy and the refurbishment of two secondary schools).
Caledonian’s lengthy and detailed results for the year ended 30 June 2013 show the NAV per share barely changed on the year before – 145.8p vs. 145.6p. Increased emphasis is being placed on redeveloping properties. They are considering a range of development options for their largest asset – St Margaret’s House a 92,000 sqft 1970s […]
UCP’s results for the half year ended 30 September 2013 show a fall in the NAV per share from 58p to 52p, despite an increase in the value of UCP’s property portfolio. The fall is largely attributable to the decline in the value of the Indian Rupee over the period. UCP reports increased lettings and rents […]
