SEGRO buys stake in Sofibus Patrimoine – SEGRO plc, through its subsidiary SEGRO France has acquired 19.39 per cent of the share capital of Sofibus Patrimoine from Harwanne Compagnie de Participations Industrielles et Financières for EUR20.5 million. The price is in line with the average share price over the past three months. Sofibus is a French […]
Aberdeen Diversified Income & Growth makes 3.7% in first six months – Aberdeen Diversified Income and Growth Trust has reported on the year to 30 September 2017. This period covers just a few months of its new investment objective and policy (which was approved by shareholders on 30 March 2017). The highlights are: net asset […]
Franklin Templeton Investments has announced that it has agreed, subject to the necessary regulatory approvals, to acquire Edinburgh Partners. Edinburgh Partners is an independent fund management house that is headed up by Dr. Sandy Nairn, a former Franklin manager. Dr. Nairn spent ten years at franklin Templeton, between 1990 and 2000, as an executive vice […]
Bankers promises 6% dividend increase – Bankers Investment Trust says that, for the year ended 31 October 2017, its NAV increased by 16.3%. The share price performance was enhanced as the discount to NAV narrowed, with the share price recording a 23.5% increase. The dividend was upped by 9.4% to 18.6p and the directors are […]
BBGI and John Laing Infrastructure comment on Carillion – BBGI SICAV says it has no exposure to Carillion. John Laing Infrastructure Fund Limited has 9 operational PPP projects where Carillion are the Facilities Management (“FM”) provider, 4 schools projects, 4 emergency services projects and 1 road project. The value of these projects is approximately 8.5% […]
LXI REIT dips into student accommodation with Dundee purchase – LXI REIT, which is building an eclectic and diversified property portfolio, has acquired a long-let student accommodation scheme in Dundee. The purchase price is GBP20.25 million, reflecting a net initial yield of 6.3% (net of acquisition costs). The property is fully let to Mears Group PLC, […]
HICL and INPP reassure on Carillion exposure – HICL Infrastructure Company Limited has made an statement following the recent announcement from Carillion plc regarding its compulsory liquidation. Acting through the Risk Committee, the HICL board and InfraRed, the company’s manager, make ongoing assessments of counterparties, potential issues in the HICL supply chain and related contingency planning. In particular, […]
Chenavari Capital Solutions on track for capital return by 2021 – Chenavari Capital Solutions has published results for the year ended 30 September 2017. Highlights for the year ended 30 September 2017 During the year ended 30 September 2017, they produced a NAV total return of 5.71% (dividends reinvested) (2016: 4.23%). The NAV declined from 94.26 […]
RDI REIT buys four flexible London offices – RDI has announced the acquisition of an 80% interest in a portfolio of four established, strategically located and high quality flexible offices in Central London from Forum Partners, Kailong Group and Office Space in Town (“OSIT”). The portfolio value of GBP161.7 million reflects an anticipated net initial […]
Tritax Big Box forward funding two new Howdens Joinery warehouses – Tritax Big Box REIT has completed contracts for the site acquisition and forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The properties are pre-let in their entirety under two separate 30 year leases to Howdens Joinery Group Plc, […]
