Primary Health Properties invests in Wincanton – Primary Health Properties has acquired a modern, well let, purpose built healthcare facility for a total consideration of GBP4.37 million (net assets of GBP4.37 million). PHP has acquired the entire issued share capital of Wincanton Healthcare Limited, a company whose assets and activity is the ownership of Wincanton Medical […]
International Public Partnership consortium preferred bidder for OFTO project – International Public Partnerships Limited says that it is pleased that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure and Transmission Investment has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project. The latest scheme, comprising the […]
Infrastructure India in refinancing discussions. In May Infrastructure India plc provided the following update: On 6 April 2017, Infrastructure India announced that the maturity date of the fully drawn US$17 million working capital loan facility provided to the company by GGIC, Ltd in April 2013 had been extended to 9 June 2017. The company does not currently have […]
Troy’s defensive stance leads to underperformance this year – For the year ended 30 September 2017, Troy Income & Growth returned +5.9% in NAV terms and a share price total return of +4.0%; the All-Share Index returned +11.9% for the period. The aggregate dividends for the year totalled 2.56p and represented an increase of 5.6% over […]
Residential Secure Income buys 1341 retirement homes – Residential Secure Income plc has announced the completion of its first acquisition with the purchase of a rental homes portfolio comprising 1,341 retirement properties for a total consideration of approximately £100m. The UK-wide portfolio is concentrated in Southern England and comprises long-leasehold or freehold interests in primarily one […]
Schroder Oriental Income caps performance fee – Schroder Oriental Income Fund Limited has announced that its manager has agreed to reduce the cap on the performance fee payable to it from 1.00% to 0.75% of the net assets calculated at the end of any one accounting period, effective from 1 September 2017. The news came as […]
Custodian REIT buys Superdrug in Worcester – Custodian REIT has acquired a high street retail unit in Worcester let to Superdrug Stores plc. The property comprises a ground floor sales unit with upper floor ancillary accommodation, located in the prime retail pitch of High Street. Nearby shops include Boots, Marks & Spencer, Debenhams, TK Maxx, and […]
JPEL fund sells Celerion – JPEL Private Equity, which invests in a portfolio private equity funds, has announced that MTS Health Investors, LLC, a healthcare-focused private equity firm, announced that its portfolio company Celerion Holdings, Inc. is being sold to a partnership between Court Square Capital Partners and the Celerion management team, who will continue to own a minority interest in […]
Hammerson sells Places des Halles in Strasbourg – Hammerson has exchanged contracts for the sale of its share (64.5%) of Place des Halles shopping centre in Strasbourg, France. LaSalle Investment Management will purchase the centre from Hammerson and its co-owner, on behalf of funds under management, for a total net vendor price (100%) of EUR […]
BioPharma Credit makes first major investment since IPO – BioPharma Credit PLC says that, on 21 November 2017, it and BioPharma Credit Investments IV, S.àr.L.entered into a definitive loan agreement for up to US$500 million with TESARO, Inc. (NASDAQ: TSRO), a oncology focused biopharmaceutical company with a market capitalisation of US$4.5 billion. TESARO has commercial […]
