Alpha Real gets planning for Frankfurt data centre – Alpha Real Trust has successfully secured detailed planning consent for a 40,338 square metre data centre building at its data centre site, together with a commitment from the local utility provider to connect a 35 MVA dual feed power supply to the site. As announced in […]
Not just any big box… – Tritax Big Box REIT plc has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer and Dunelm (Soft Furnishings) Ltd, the UK’s number one homewares retailer. The combined net purchase price is GBP78.5 […]
K&C REIT hopes for transformation – tiny K&C REIT has big ambitions. It plans to consolidate its shares on a 10×1 basis and issue up to £150m shares at 100p to fund the acquisition of portfolios of residential property. It hopes to top up the £150m equity issue with £100m of debt. Duncan Walker, previously […]
Small hit to NAV as VPC Speciality Lending sells Avant – In line with the previously stated strategy of reallocating capital from marketplace lending to balance sheet lending, VPC Speciality Lending has announced that it has sold the vast majority of its Avant marketplace loans, excluding the securitisations. The loans sold represented 7.6% of its NAV […]
John Laing Infrastructure buys five PPP projects – John Laing Infrastructure Fund has signed sale and purchase agreements with respect to the acquisition of a portfolio of five UK PPP projects from John Laing Group plc. The portfolio comprises: An additional 9% indirect interest in the Intercity Express Programme Phase 1 (“IEP Phase 1”) project […]
Merchants Trust refinances debt – The Merchants Trust has today priced an issue of a GBP35 million fixed rate 35 year secured private placement note with a coupon of 2.96%. The funding date, subject to final documentation, will be 18 December 2017, with interest payable semi-annually on 18 December and 18 June (first payment on 18 […]
JPMorgan Global Convertible benefits from discount tightening – JPMorgan Global Convertible Income had a better year over the course of the 12 months ended 30 June 2017. The total return on net assets was +9.2% and shareholders enjoyed an even stronger performance, with a total gain of 19.1% (dividends reinvested). The fund did underperform its […]
Electra to hand back another £350m and drop private equity from name – Electra has completed what it termed as “Phase II” of its strategic review. The conclusions are: Continue to focus on optimising return on shareholder capital. No new investment in current market conditions. However, should conditions change the Board will consider further investment. A further special […]
Volta cuts fees after good year – Volta Finance says that, during its financial year ended 31 July 2017, the net asset value per share (dividends re-invested) rose by 13.6%. The share price performance was even stronger, generating a total return of 18.7% as the discount to NAV narrowed. The investment manager has agreed to amend their […]
Hammerson buys Cergy 3 centre in Paris – Hammerson has completed the acquisition of the 11,000 sqm shopping centre, Cergy 3, adjoining its centre Les Trois Fontaines, Cergy Pontoise, Paris for EUR 81 million (GBP72 million) from a private vendor. Les Trois Fontaines is established as the leading shopping destination for the Val d’Oise region […]
