NewRiver Retail Limited has announced that it has completed the acquisition of Cuckoo Bridge Retail Park, Dumfries off-market from a large listed property company for a total consideration of GBP20.2 million. The acquisition equates to a net initial yield of 7.05%, an equivalent yield of 7.87% and a reversionary yield of 7.93%, with net rental income at […]
Utilico Emerging Markets recovered nearly all the losses it suffered in the first six months of the financial year and ended the year to 31 March 2016 almost unchanged at 202.52p. Based on a total return to an ordinary shareholder who received one subscription share for every five shares held, the total return on basic […]
In its latest blog, Woodford Patient Capital has commented on the dramatic fall in the price of its largest investment, Circassia. You can read the blog in full here. “[Circassia] has this morning announced the failure of its high-profile phase III study into its cat allergy vaccine. This is undoubtedly a disappointing development. We had high […]
Custodian REIT has announced the acquisition of an GBP11.5 million portfolio of three properties. The Portfolio comprises: a 25,471 sq ft office on Pegasus Business Park, Castle Donington, adjacent to East Midlands Airport and Junction 23A of the M1, let to National Grid plc with an unexpired lease term of 6.2 years; a 16,470 sq […]
Hammerson plc ) has exchanged contracts and completed the sale of Thurrock Shopping Park, Essex, to TH Real Estate for GBP93 million. The park comprises two retail schemes with net internal area of 25,500m(2) and is situated next to junction 31 of the M25. Tenants include M&S, Gap, Pets at Home, Decathlon, Boots, Evans Cycles […]
The Board of Electra Private Equity PLC has announced the resignations of Dame Kate Barker and Francesca Barnes from the Board of Directors with immediate effect. Dame Kate joined the Board in 2010 and was Chairman of the Remuneration and Nomination Committee and Senior Independent Director. She served as interim Chairman from November 2015 until Neil […]
Ecofin Water & Power Opportunities has announced the successful placement of its entire equity holding in Direct Energie, representing 4.37% of Direct Energie’s share capital. Pursuant to the placing, the sale of this holding, which represented 8.2% of the Company’s portfolio at 15 June, 2016, will raise GBP34.9 million. By 15 June, 2016, the shares […]
intu properties announces that it has exchanged contracts with the Queensland Investment Corporation (“QIC”) to acquire the remaining 50 per cent of the Merry Hill estate for GBP410 million before expenses. This represents an income yield of 5.2 per cent, based on net rental income of GBP43 million. The estate comprises the intu Merry Hill […]
Funding Circle SME Income Fund Limited has announced that the company has now entered into a formal agreement with Funding Circle Limited and the European Investment Bank (“EIB”). The EIB will provide a GBP100 million loan to advance credit to UK SME loans via the Funding Circle marketplace. The Company will contribute GBP25 million to the […]
Invesco Income Growth outperformed the FTSE All-Share Index over the year to the end of March 2016, returning -2.6% against -3.9% for he Index. The discount widened however (from 5.3% to 11. 5%) and so the return to shareholders was -7.8%. The full year dividend was upped from 10.1p to 10.3p. The manager says that […]
