Pacific Industrial & Logistics REIT (PILR) has announced that it has completed the acquisition of a modern 41,494 square foot logistics warehouse at Victoria Road, Seacroft, Leeds for a total consideration of £2.8 million. It says that the purchase price represents a net initial yield of 6.8% and the site has a rent of £5.00 […]
Regional REIT changes to manager line up – London & Scottish Investments has announced the appointment of Simon Marriott to the position of Investment Director. Simon will join the main LSI board and work closely with Chief Executive Stephen Inglis on Regional REIT. Simon joins LSI with over 30 years’ experience in the property industry, […]
Fresh problems for SQN as Snoozebox appoints administrators – SQN Asset Finance Income has made the following announcement: “SQN Asset Finance Income Fund Limited (the “Company” or “SQN”), the leading diversified equipment leasing fund listed in the UK, notes the announcement (RNS Number: 9145V) by Snoozebox Holdings plc (“Snoozebox”) regarding discussions concerning its debt repayment […]
Riverstone Energy cashes in part of Centennial Resource Development – Riverstone Energy Limited has announced that it is participating in an offering of shares in Centennial Resource Development. The offering is by affiliates of Riverstone Holdings LLC (which includes Riverstone Energy) and Natural Gas Partners. Riverstone Energy has participated for its proportional share of the […]
VinaLand has sold its Project Phu Hoi City stake – VinaLand Limited has sold its entire stake in Project Phu Hoi City, a development project located in Dong Nai province, Vietnam. The project, which was acquired by VinaLand in 2007, is an 84-hectare parcel of land that has received approval for a future residential-township development. […]
LXi invests more in care homes and supported living properties – LXi REIT has announced the acquisition of two separate portfolios of care homes and supported living properties for a total consideration of GBP30.3 million. Each of the portfolio acquisitions is being funded from equity resources following the second issue of shares on 12 October, with […]
John Laing Environmental gets replacement for David Hardy – The board of John Laing Environmental Assets Group says that it has been notified by John Laing Capital Management (“JLCM”), the investment adviser to the Company, that Chris Holmes will join JLCM in January 2018 to take on the role as joint lead adviser to the company. […]
Oakley buys Career Partner – Oakley Capital Investments Limited has agreed to acquire, through its Oakley Capital Private Equity III fund (“Fund III”), Apollo Global Germany GmbH (“Career Partner Group”), from its current shareholder Apollo Education Group Inc. Fund III, together with a number of underlying Fund III investors, will hold a 79% stake in the […]
JZ Capital sells Factor Energia – JZ Capital Partners Limited has sold, at net asset value , its majority equity interest in Factor Energia S.A., which was held through its EuroMicrocap Fund 2010, L.P. The transaction enterprise value was approximately EUR120 million. Factor is being acquired by a public-sector asset manager, on behalf of a major Canadian […]
Redefine sells German retail property portfolio – Redefine International has announced the sale of the Leopard (German supermarket) portfolio to PATRIZIA Immobilien AG. Completion is anticipated to take place in December 2017. The consideration will reflect a purchase price of EUR205.0 million, reflecting a 10.8% (EUR20 million) premium to the 31 August 2017 book value. They say […]
