BioPharma Credit makes $150m loan to NovoCure – BioPharma Credit has entered into a definitive term senior secured loan agreement for US$150 million with NovoCure Limited (NASDAQ: NVCR), a commercial stage oncology company with a current market capitalisation of approximately US$1.9 billion. The US$150 million loan will mature in February 2023 and bears interest at 9.0% […]
British Land buys Woolwich Estate – British Land has acquired the Woolwich Estate, a retail-focused, multi-use estate covering 4.9 acres in south east London for a headline price GBP103 million representing a net initial yield of 4.1%. Part of the attraction for British Land is that it builds their portfolio of places benefitting from the Elizabeth Line, […]
LMS Capital exits Brockton Capital LLP – In 2006 LMS, together with 3 other cornerstone investors, backed the establishment of Brockton Capital LLP, a private equity real estate investment adviser, and became an investor in Brockton Capital Fund I LP, a real estate investment fund. The investment in the LLP gave LMS the right to participate in […]
Star fund manager leaves River and Mercantile Micro Cap – Philip Rodrigs, manager of River & Mercantile Micro Cap, has left the management company following “an investigation into a professional conduct issue”. He is leaving the company today and the fund has not been affected by his actions. River & Mercantile Group has released the following […]
Tritax will fund new Eddie Stobart logistics facility – Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new regional distribution centre at Midlands Logistics Park, Corby. The development asset is pre-let to Eddie Stobart Limited, one of the UK’s leading logistics […]
Hansteen sell IMPT portfolio to Warehouse REIT – Hansteen has agreed to dispose of the Industrial Multi Property Trust (IMPT) portfolio for GBP116 million to an entity owned by Warehouse REIT. Hansteen acquired the portfolio through its successful offer for IMPT which was declared wholly unconditional on 25 April 2017. The portfolio consists of 51 UK multi-let […]
Macau Properties sells Senado Square – Macau Property Opportunities Fund has conditionally agreed to sell its Senado Square retail redevelopment project to Ardent Success Limited and City Universe Limited, for HK$800 million (c. US$102.3 million. The sale price represents a premium of 14% to the property’s valuation of HK$703 million (c. US$90.0 million) as at 31 […]
John Laing Environmental adds another anaerobic digestion asset – John Laing Environmental Assets has announced an investment in the Icknield Farm anaerobic digestion (AD) plant. The investment consists of the provision of a debt facility to repay existing loans and acquisition of a minority equity stake from private individuals who were the project’s developers for an […]
CatCo updates on 2018 portfolio and aftermath of 2017 – CatCo Reinsurance Opportunities has published its forecasts for 2018 and updated investors on the outcome for 2017 where just 35% of ordinary shareholders’ capital is available for reinvestment in the new portfolio (the rest having been distributed, paid in reinsurance claims or tied up in […]
SQN finds new lessor for Snoozebox assets – SQN Asset Finance Income Fund Limited has signed conditional agreements transferring the ownership of Snoozebox Limited, by purchasing it from the Administrator and selling it onward to a new owner which is part of a well-capitalised group experienced in the wider modular accommodation and in the oil and gas […]
