Starwood lends against student accommodation scheme – Starwood European Real Estate Finance Limited has committed to a EUR11.25 million whole loan facility to finance a 127 bed purpose built student development scheme in central Dublin. They say that the Dublin student market suffers from a severe structural undersupply of purpose built student accommodation, and the borrower’s aim is to […]
LXi fully invested again after social housing deal – LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Colchester, Essex (74%), Birmingham (17%) and Dover, Kent (9%). The purchase price for this portfolio is GBP6.2 million, reflecting a net initial yield of […]
Empiric buys Southampton’s Emily Davies Hall – Empiric Student Property has acquired the freehold of a 240 bed student accommodation property in Southampton, the Emily Davies Halls of Residence, for GBP10.6 million (excluding costs). The property comprises affordable student accommodation configured in three and four bed apartments with 65 commercially let car parking spaces. The […]
Tufton Oceanic off the slipway – Tufton Oceanic Assets Limited has acquired two feeder containerships for $20.5 million. The vessels are initially chartered for 2-3 years to a major container line which is investment grade. The initial yield is in line with the targets expressed in the company’s prospectus. These are the first investments by […]
AEW UK REIT buys Wakefield business park – AEW UK REIT has announced the acquisition of Diamond Business Park in Wakefield for GBP4.2m. The 201,543 sq ft multi-let property has a Net Initial Yield of 11.5% and comprises an industrial and office element. On the industrial side, there are 13 units totalling 172,584 sq ft leased […]
BioPharma Credit makes $150m loan to NovoCure – BioPharma Credit has entered into a definitive term senior secured loan agreement for US$150 million with NovoCure Limited (NASDAQ: NVCR), a commercial stage oncology company with a current market capitalisation of approximately US$1.9 billion. The US$150 million loan will mature in February 2023 and bears interest at 9.0% […]
British Land buys Woolwich Estate – British Land has acquired the Woolwich Estate, a retail-focused, multi-use estate covering 4.9 acres in south east London for a headline price GBP103 million representing a net initial yield of 4.1%. Part of the attraction for British Land is that it builds their portfolio of places benefitting from the Elizabeth Line, […]
James Carthew of QuotedData provides comment to Mike Sheen of Investment Week on new EM management line-up at Franklin Templeton. Manraj Sekhon appointment as CIO of emerging markets equity coincides with a raft of changes in the asset class’s senior leadership team, which will be organised by strategy type, with directors overseeing global emerging markets, […]
LMS Capital exits Brockton Capital LLP – In 2006 LMS, together with 3 other cornerstone investors, backed the establishment of Brockton Capital LLP, a private equity real estate investment adviser, and became an investor in Brockton Capital Fund I LP, a real estate investment fund. The investment in the LLP gave LMS the right to participate in […]
Polar Capital Financials Trust beats benchmark as banks do well – Polar Capital Financials Trust has published results for the year ended 30 November 2017. Over the period, the benchmark, the MSCI World Financials + Real Estate (RE) Index, rose by 14.2% but the fund beat this, delivering an NAV total return of 16.4%. The total […]
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