Hammerson has announce that it has exchanged contracts to sell the Villebon 2 retail park to a consortium of French institutional investors for €159m (£116m). Villebon 2 is located in Villebon-sur-Yvette, in the south of Paris region. The park covers 47,500 square metres and was acquired by Hammerson in 2005. Hammerson say that it has […]
Central Asia Metals plc produced a record 12,071 t of copper at its Kounrad dump leach, solvent extraction and electro-winning copper recovery plant, in Kazakhstan, in 2015, an 8.4% increase on 2014. Q4 15 production was 3,661 t of copper, representing a 36% increase from Q4 14. The company sold 12,040 t of copper cathode […]
The Board of The Renewables Infrastructure Group has announced it will buy a portfolio of French solar assets. An agreement has been reached between Renewables Infrastructure and Akuo Energy Group for an investment in a portfolio of 15 operating (brownfield) French solar photovoltaic (PV) projects. Akuo is one of France’s leading independent renewable energy producers. The deal comprises the […]
The Board of Phaunos Timber Fund has announced the sale of 100% of the equity shares of Green Nature Forestry Company Limited for USD 2.85m. The sale includes properties owned by Green China (Jiangxi) Forestry Company Limited, a wholly owned subsidiary of GNFC established in Nanchang, Jiangxi, China comprising of approximately 58,000 mu or 4,000 ha of […]
Grainger, the UK’s largest listed residential landlord, has announces that it has exchanged contracts with Turbo Group Holdings Limited, an entity owned by Patron Capital Partners and Electra Private Equity plc to sell its Equity Release Division (“Retirement Solutions”), with completion anticipated on or before 30 May 2016, subject to Turbo gaining regulatory approval from […]
UK Commercial Property Trust has announced that it has separately acquired two new properties. The first is the Central Square office building in Newcastle, which has been acquired at a cost of £21.6m, which reflects a net initial yield of 6.4%. The building, which has 72,389 square feet of office space is multi-let to a […]
SEGRO has announced that it has exchanged contracts to sell its portfolio of offices on the Bath Road, Slough, for £325m to clients of AEW Europe. The portfolio fronts the Slough Trading Estate and contains 972,300 square feet of office properties leased to companies spanning blue-chip, national and international businesses, and one office building currently […]
Aurora Russia is selling its last investment, a minority interest in Unistream Commercial Bank. They expect to get total proceeds of $4.975m in cash and believe the sale process will be completed by no later than 31 December 2015. Following the disposal of Unistream, the Board intends to consider proposals to hand back the cash proceeds in a cost […]
Honeycomb Investment Trust has listed on the Specialist Fund Market of the London Stock Exchange raising £100m. The trust’s investment manager is Pollen Street Capital, the former private equity business of the Royal Bank of Scotland, which is headed by Lindsey McMurray. Pollen Street describes itself as a private equity fund manager focussed on investing […]
JPMorgan Chinese has published results for the year ended 30 September 2015 that show that discount widening resulted in a -7% return to shareholders despite the NAV return coming in at -0.2%, very close to the performance of the MSCI Golden Dragon Index of 0.0%. There is a dividend of 1.8p up from 1.6p last […]
