Real Estate Investors has confirmed the acquisition of two additional investment properties in Telford and Nottingham for a total consideration of GBP5.135m, producing a combined rental income of GBP506,710 per annum and a net initial yield of 9.26%. The investment properties acquired are as follows: Titan House, Euston Park, Telford – acquired from receivers. The building […]
Having just raised £84m from investors, Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Warrenpoint, Northern Ireland for approximately £5.75m including acquisition costs. The home, Carlingford Lodge, was opened in 2011 and comprises of 74 single bedrooms with full ensuite bathrooms including wetroom […]
Both P2P Global Investments and VPC Speciality Lending have come out with statements saying they have no equity investment in Lending Club. VPC Speciality Lending said “it does not hold a position in LendingClub Corp and has never had any exposure to them nor any loans originated by them”. P2P Global said its investment manager is […]
HgCapital has today announced an investment in STP Group, a leading provider of insolvency and law practice software, based in Germany, in partnership with the current CEO and co-founder Gunther Thies. Mr Thies retains a significant interest in the business and will continue as CEO. The investment was made from HgCapital’s Mercury Fund which focuses […]
LondonMetric Property Plc has announced that the Metric Income Plus Limited Partnership (“MIPP”), its joint venture with Universities Superannuation Scheme Ltd (“USS”), has sold its retail parks in Bridgwater, Chatham and Grimsby for GBP15.9 million (LondonMetric share: GBP8.0 million), reflecting a blended NIY of 5.7%. The 33,000 sq ft Range store in Bridgwater has been […]
Kennedy Wilson Europe Real Estate has completed the acquisitions of two suburban office assets in Sandyford and Blackrock in South Dublin for an aggregate consideration of EUR76.9 million (GBP60.8 million) and Towers Business Park in Manchester for GBP82 million. The acquisitions will be funded from the Company’s existing cash resources. KWE completed the acquisition of […]
John Laing Infrastructure Fund has announced that it has entered into an agreement with Acsa, Obras e Infraestructuras, S.A.U., a member of the Sorigué group, to acquire an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project (pictured). JLIF’s existing 40% interest in Section II was acquired in January 2016 from […]
Symphony International Holdings has announced today that it, together along with a co-investor, has entered into an agreement with Bridgepoint Development Capital (“BDC”), a leading European private equity fund, to acquire Financière CL SAS, the holding company of the Christian Liaigre Group (“CLG”). Since Christian Liaigre opened his design studio in 1985 in Paris, the […]
Randgold Resources has reported profits up 19% over the December 2105 quarter and 25% compared with Q1 2015. Earnings per share rose from US$0.52 in Q1 2015 to US$0.58. Revenue from gold sales, at US$345.8 million, was slightly up on the corresponding quarter of 2015, as gold production increased by 4% to 292.9 koz and […]
Summit Germany’s results for 2015 show it increasing its EPRA NAV from 87 cents to 97 cent per share. The company’s second fund raising and the profit generated during the reporting period contributed greatly to the increase in the Group’s EPRA NAV of the whole fund to EUR427.5 million as of the end of the reporting period. […]
