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 […]
Civitas Social Housing acquires 61 properties – The board of Civitas Social Housing says it has completed the acquisition of 57 properties, comprising 405 tenancies or places, for a total consideration of GBP116.6 million. The company has also exchanged contracts (with completion expected shortly) for the acquisition of 4 properties, comprising 22 tenancies for a […]
Taliesin Property Fund gets cash bid – The boards of directors of Taliesin Property Fund Limited and Wren Bidco Limited and Canary Bidco Limited (companies owned by entities advised by affiliates of The Blackstone Group LP) have announced that they have reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued […]
Supermarket Income REIT buys Cumbernauld Tesco – Supermarket Income REIT has acquired a Tesco Extra supermarket in the North Lanarkshire town of Cumbernauld, Scotland, from Legal and General for GBP50 million (net of acquisition costs), reflecting a net initial yield of 5.5% after the next agreed RPI-linked rent review in March 2018. The 9.5-acre site […]
JPMorgan fund manager passes away – The board of JPMorgan Income & Capital Trust plc has announced that it is sad to announce the passing of Sarah Emly, co-manager of the fund. They say “She battled with ill health these past few years with a courage, humour and determination that was truly inspirational. The company’s portfolio continues […]
Shaftesbury expands in Seven Dials area – Shaftesbury PLC, which already owns a 14.9 acre property portfolio in London’s West End, has announced that it has acquired six buildings on Neal Street, Seven Dials, for a total consideration of GBP24.6 million, inclusive of acquisition costs. Located on the northern end of Neal Street, between Short’s Gardens and […]
EPE Special Opportunities buys furniture business – EPE Special Opportunities says that, on 18 December 2017, it completed an investment in David Phillips Holdings Limited. EPIC Private Equity describes David Phillips, which was established in 1998, as a market leading business-to-business provider of furniture and furnishing services to the UK property sector, supplying owners, managers, agents and […]
No takeovers please says Edinburgh Worldwide chairman – Edinburgh Worldwide Investment Trust says that, for the year ended 31 October 2017, its NAV increased by 31.6% and its share price by 43.0%. The comparative index, the S&P Global Small Cap Index, increased by 13.4% in sterling terms during this period. Henry Strutt, the chairman, says that the fund’s good relative […]
Worldwide Healthcare maintains strong run and moves to premium Despite seeing a relatively flat-to-down month in November, Worldwide Healthcare Trust (WWH) generated a 15% increase in NAV and 18% rise in its share price in the 11 month year-to-date period, comfortably beating the 9% rise in its benchmark index, according to its latest monthly factsheet. Moreover, the […]
US analysts target key Woodford Patient Capital investees The Neil Woodford-managed biotech/tech investment trust, Woodford Patient Capital Trust (WPCT), is finding itself under increasing pressure, with analysts at two separate US firms calling into question its two largest investments, Prothena (15.6% of NAV at 30 September ) and Oxford Nanopore (8.9%). Ireland-based but Nasdaq-listed Prothena […]
