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 […]
Using some of the cash it recently raised, BBGI has completed the acquisitions of a 58.8% interest in the E18 road between Grimstad and Kristiansand in Norway, a 24.5% equity and 40% loan interest in Mersey Care mental Health Hospital and a 100% interest in Tor Bank School.
Over the year to the end of June 2013 SAPO’s NAV fell from 87p to 69p. In part thanks to a fall in the value of the Rand.
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.
The payment will be made on 17 January and the ex-distribution date will be 8 January
Ottoman has announced its results for the year ended 31 August 2013 (so somewhat out of date now). OTM’s NAV rose from 63.5p to 65.9p over the period. The main driver of the uplift was a reassessment of the valuation of OTM’s Riva asset – a large parcel of development land. OTM sold part of […]
Over the six months to the end of September 2013 SPK’s NAV fell to 11.4p, in part following a 2p per share distribution to shareholders but also due to operating losses and write downs in the values of some assets. Since the period end Spark has sold notonthehighstreet for £11m. The Board hopes to make […]
