Reconstruction Capital II acquiring Policolor – Reconstruction Capital II has signed conditional agreements to buy shareholdings in two Romanian-focussed investment funds whose main underlying asset is a 60% shareholding in Policolor S.A., a Romanian producer of paints and coatings, resins and chemicals with a substantial real estate portfolio. Reconstruction Capital already owns 40% of Policolor and, if the deal […]
Impact Healthcare REIT buys three care homes – Impact Healthcare REIT has exchanged contracts to acquire in a sale and leaseback transaction a portfolio of three purpose-built care homes in the North-East of England for GBP17 million (including costs). Completion is conditional on, among other things, regulatory approvals, and is expected to take place before the end […]
Hg invests in MeinAuto.de – Hg, the Manager of HgCapital Trust has announced an investment in MeinAuto.de, a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP6.7 million in MeinAuto, with other institutional clients of Hg investing through the […]
Aberdeen Standard European Logistics invests in Frankfurt – Aberdeen Standard European Logistics Income has announced that it has exchanged contracts to acquire Flörsheim Logistics Park, Frankfurt for a net value of EUR20.1 million from SEGRO Zehnte Grundbesitz GmbH. The acquisition will be funded from existing cash, following the successful launch of the company on Friday 15 […]
Safestore aims to fill unlet space – Safestore has published results for the year ended 31 October 2017. Highlights: Group revenue for the year up 12.6% (10.0% in constant exchange rates) Like-for-like group revenue for the year in constant exchange rates up 3.3%. Like-for-like like adjustments have been made to remove the impact of the […]
RM Secured C shares invested by end February – RM Secured Lending continues to invest the proceeds of its GBP30 million (gross) C share issue of October 2017. In accordance with its investment policy, the company has now closed or entered into binding commitments for investments by the C share portfolio with a total value […]
Standard Life Investments Property Income buys logistics facility – Standard Life Investments Property Income Trust has completed the purchase of a logistics facility of 216,180 sq ft in Shellingford, Oxfordshire on the established White Horse Business Park, for GBP11.5m, reflecting an initial yield of 6.5%. The unit is let for 25 years without break, and […]
FastForward share price soars to multiple of NAV – what are they smoking? FastForward announced its interim results on 28 December which showed that its NAV at the end of September 2017 was 9.18p. Jim Mellon, the chairman, said “While our continued premium to net asset value suggests that our investor base still sees our […]
Biotech bellwether Celgene to report key update next week Investors in the main sector specialist investment trusts should watch for an important update from Celgene early next week at the annual JP Morgan Healthcare Conference, the largest and most important investor event in the sector. The US biotech group is expected to “pre-announce” Q4 sales […]
Bill Ackman behind $300m tender for Pershing Square shares, sale of Howard Hughes Corp stake to facilitate deal, buyback suspended Pershing Square Holdings has announced the proposed sale of all of PSH’s 2,067,490 shares of common stock in The Howard Hughes Corporation (NYSE: HHC). Pershing Square is pursuing this sale in order to help facilitate […]
