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 […]
AEW UK REIT buys Portsmouth retail property – AEW UK REIT has announced the acquisition of 208-220 Commercial Road and 7-13 Crasswell Street, Portsmouth for GBP6.4m. The asset provides a net initial yield of 9.6% and is fully let to seven retail tenants and one office tenant providing a WAULT of 4 years to expiry. The […]
International Biotechnology beats benchmark on strong listed portfolio performance – In the year ended 31 August 2017, International Biotechnology Trust’s NAV rose from 575.1p to 672.9p, including a significant currency gain, equivalent to 14.4 pence per share. The NAV returned 20.9% in. Over the same period, the Shareholders total return was 30.5%. This compares to a rise […]
Fidelity Special Values beats its benchmark again – Fidelity Special Values has published results for the year ended 31 August 2017. The net asset value increased by 19.1% over the year and the share price by 28.1%, both well above the 14.3% return of the Benchmark Index (all returns on a total return basis). As […]
intu creates jv to own Chapelfield shopping centre in Norwich – intu properties plc and LaSalle Investment Management, acting on behalf of Greater Manchester Pension Fund and West Yorkshire Pension Fund, are forming a partnership to jointly own intu Chapelfield shopping centre in Norwich. LaSalle will acquire a 50 per cent interest in the property for net […]
Aberdeen stays as manager of Edinburgh Dragon on a reduced fee – Edinburgh Dragon says that, for the year ended 31 August 2017, the NAV rose by 21.6% on a total return basis. However, this performance was less than the benchmark’s increase of 27.2% in sterling terms. Following concerns over performance, the Board undertook a detailed […]
Premier Energy & Water becomes Premier Global Infrastructure – The Board of Premier Energy and Water Trust PLC has announced that the name of the company has changed to Premier Global Infrastructure Trust PLC in order to reflect a change of investment emphasis within the portfolio. The name change has been registered at Companies House today […]
Ranger in discussions with potential co-managers – Ranger Direct Lending’s board, in conjunction with Ranger Alternative Management II, LP, today announces that it is in discussions with potential co-managers who could assist in and strengthen some or all aspects of the manager’s current role and responsibilities, including identifying new lending categories, sourcing platform partnerships, conducting platform due […]
Greencoat UK Wind buys five wind farms from EDF – Greencoat UK Wind PLC has acquired an 80% stake in five wind farms from EDF Energy Renewables for a total consideration of GBP98 million (including GBP7 million cash and working capital). All five wind farms are situated within 25 miles of Peterborough, and in total comprise […]
NextEnergy Solar piles into Italy – Next Energy Solar Fund has made its first investments in Italy; eight operating solar plants with an installed capacity of 34.5MWp at a total cost of €131.9m. Five of the acquired plants are in the region of Puglia (total 21.5MWp) and three are in the region of Campania (total […]
