Strategic Equity Capital manager changes hands – The senior management of London-based specialist fund manager GVQ Investment Management Limited (“GVQ”) have entered into an agreement to acquire 100% of GVQ from RIT Capital Partners plc (“RIT”), subject to regulatory approval. GVQ currently manages GBP700 million of assets through two Irish listed open-ended funds, the GVQ UK […]
3i Infrastructure tops up WIG investment – 3i Infrastructure has agreed to increase its investment in Wireless Infrastructure Group (“WIG”) and to acquire the stake owned by Barings LLC’s client accounts. The expected investment by 3i Infrastructure is GBP186m which will take 3i Infrastructure’s ownership of WIG to 91% of the equity with the balance […]
LXB Retail Properties sells its investments in Stafford – LXB Retail Properties has exchanged contracts for the disposal of its two remaining investments at Stafford. It is also updating on further lettings at Rushden Lakes and Sutton. On 21 December 2017, the Group exchanged contracts for the sale of its retail investment at Riverside, Stafford to […]
Post IPO fall for Nightstar hits Syncona A fall in the post IPO share price of Nasdaq-listed, UK-based gene therapy specialist Nightstar Therapeutics marred an otherwise strong performance for UK biotech investment trust Syncona (SYNC) in November, whose NAV dipped by 4% in the month, according to its latest monthly update. Syncona’s 42% ownership of Nightstar […]
MedicX invests in Kilkenny – MedicX has announced its fifth acquisition in Ireland. The new member of the portfolio, Ayrfield Medical Park in Kilkenny, is a standing investment and has been purchased by way of a sale and leaseback to the doctors who developed the centre in 2011. In addition to the large GP practice, the […]
Ground Rents Income comments on lease rule changes – Ground Rents Income Fund has released a statement this morning saying that it notes the statement made yesterday by Communities Secretary, Sajid Javid, regarding the leasehold system, the proposed future level of ground rents in England and the release of the Department for Communities and Local […]
3i Infrastructure refinances ESVAGT – 3i Infrastructure plc has successfully completed a EUR 376 million refinancing of ESVAGT. The refinancing comprises bank and institutional tranches with a spread of maturities of up to 10 years, as well as associated capex and revolving credit facilities. In conjunction with the refinancing, 3i Infrastructure and its ESVAGT co-shareholder, AMP Capital, […]
Phoenix Spree Deutschland sells 34 properties – Phoenix Spree Deutschland has exchanged contracts to sell a portfolio of 34 properties located in Central and Northern Germany for an aggregate cash consideration of EUR73.0m. On completion of the disposal, and including further acquisitions and disposals notarised since 30 June 2017, Berlin is expected to represent over 99% […]
Ecofin Global Utilities and Infrastructure off to a good start – Ecofin Global Utilities and Infrastructure Trust has published annual results. The company’s shares were first listed on the London Stock Exchange on 26 September, 2016 and these results are for the financial year which ended on 30 September, 2017. In that period, the net asset […]
Polar Capital Global Healthcare reflects on year of transition – Polar Capital Global Healthcare, announcing its results for the year ended 30 September 2017, says that its NAV total return for the year amounted to 0.6% compared to a rise in the benchmark (the MSCI Global Healthcare Index) of 8.6%. Meanwhile their share price total […]
