Qannas has sold its entire holding of shares in Rak Petroleum for $6.66m (bought for $3.85m). QIL NAV now $0.92.
Results for year ended 30 September 2013 show total shareholder return of 13.1%. Quarterly dividends running at 1.425p per quarter, equivalent to a yield of 7.1%. c70% of dividend covered by underlying earnings, NAV fell from 63.7p to 63.1p per share.
Marwyn has written off its investment in Silverdell. this will take 6.47p off the NAV.
Results for the year ended 30 September 2013 show a net asset value total return of 16.9% and a share price total return of 9.7% as the discount (calculated with debt at fair value) expanded from 20% to 28.4%. The full year dividend was maintained at 10.5p per share (net revenue was less than 65% of […]
CTY has borrowed £35m at a fixed rate of 4.53% repayable on 22 January 2029 (via an issue of private placement notes)
Results for the year ended 30 September 2013. RIG’s NAV increased from 34.72p to 35.65p – shareholders total return in NAV terms was 7.2%. The various members of the CQS Group own 68.7% of RIG’s shares between them (CQS Cayman LP made a mandatory offer for RIG’s shares last year). There is a continuation vote […]
Schroder Real Estate buys 244-248D Commercial Road, Portsmouth (a 27,359 sq ft retail parade let to Sportsdirect.com, Mothercare, Tui and the Gold Centre) and for £7.2m. The initial yield on the purchase price is 8.3%.
LBOW has made two further loans. One, to Halcyon Nominees for £8.6m, refinances 21 commercial freeholds. The other, to Carrara Nominees for £1.3m, refinances the ground rent on a freehold office property in the North of the UKBOW has now committed 72.2% of its capital.
Great Portland Estates has sold its lease on 20 St. James’s Street (55,490sq ft office / retail building) for £54.5m. The property was acquired for £42.5m in 2010. It was producing a net rent of £1.2m per annum. GPOR will use the proceeds to invest in other projects.
Real Estate Investors (RLE) sells three units in a retail park in Derby for £4.3m. Buyer was parent company of Lidl. RLE retains ownership of five units that are let or under offer and have an estimated rental value of £250,000 per annum. RLE bought the whole park for £4.8m in September 2011.
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