Schroder European Real Estate sells two French supermarkets – Schroder European Real Estate Investment Trust says that the Casino Group, the French retailer, has exercised a buy-back option on the fund’s 70% share in two retail assets in France. The sale price reflects a 10% premium to current valuation. Schroder European Real Estate acquired the […]
CatCo updates on 2018 portfolio and aftermath of 2017 – CatCo Reinsurance Opportunities has published its forecasts for 2018 and updated investors on the outcome for 2017 where just 35% of ordinary shareholders’ capital is available for reinvestment in the new portfolio (the rest having been distributed, paid in reinsurance claims or tied up in […]
Hammerson sells Battery Retail Park in Birmingham – Hammerson plc has exchanged contracts for the sale of Battery Retail Park, Birmingham, to NFU Mutual for GBP57.5 million. The retail park, covering a total of 12,600m(2) , is located in Selly Oak, south west of Birmingham city centre. Built in 1990, Battery Retail Park has benefitted […]
Templeton loses Carlos Hardenberg – Templeton Emerging Markets Investment Trust says that, with immediate effect, Mr. Chetan Sehgal, senior managing director, director of portfolio management overseeing the global emerging markets strategy at Franklin Templeton, has been appointed lead portfolio manager of Templeton Emerging Markets. They say that he will be further supported by an experienced […]
Tak Lee opposes Shaftesbury fundraise – On 30 January Shaftesbury announced that it had received a statement from Mr. Samuel Tak Lee, the ultimate beneficial owner of a 25.02% stake in the company. The statement indicates that the shares ultimately owned by Mr. Samuel Tak Lee will be voted against the following resolutions to be proposed at […]
Hibernia REIT buys office in Dublin South Docks – Hibernia REIT has announced that it has exchanged contracts to acquire 77 Sir John Rogerson’s Quay for EUR28.7m. 77 Sir John Rogerson’s Quay, which was marketed by Savills, is a six storey office building of 34,400 sq. ft. with 20 basement car parking spaces which was constructed […]
PRS REIT plans to expand – PRS REIT has made a number of announcements recently. Maiden Dividend The board has declared a maiden dividend of 1.5p for the period to 31 December 2017. The company is targeting a total dividend of 5.0p for the period ending 30 June 2018, and 5.0p for the year from 1 July 2018 […]
BlackRock Commodities Income sticks with lower dividend – Over the year to 30 November 2017, BlackRock Commodities Income delivered a negative return on net assets of 3.2% and the share price return was -4.4%. Over the same period, the Euromoney Global Mining Index rose by 8.9% and the MSCI World Energy Index fell by 4.1% […]
Sequoia board brings in external consultants – in an unusual move, the board of Sequoia Economic Infrastructure has appointed independent consultants to advise the board on risk management and overview the manager’s investment decisions. They say that “As independent consultants, Tim Drayson and Kate Thurman will provide guidance to the board on the overall approach to […]
Carillion hit varies across infrastructure funds – on 15 January 2018, as Carillion entered liquidation, HICL Infrastructure announced that “a contingency plan has already been developed that specifically contemplated a scenario where Carillion enters liquidation and InfraRed has been working for some time with a number of potential replacement service providers. The contingency plan has […]
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