F&C UK Real Estate buys distribution unit – IRP Holdings Limited, a subsidiary of F&C UK Real Estate, has purchased a 59,000 sq ft distribution unit in Basingstoke (Unit K60, Lister Road) for GBP9.56 million, reflecting a net initial yield of 5.2 per cent. The property is let to one tenant, Bunzl UK Ltd, on […]
Manchester & London overseas bet pays off – Manchester & London has published results for the year ended 31 July 2017 that show that the fund delivered a 26.9% return on net assets and a 47.9% return to shareholders over a period when its benchmark (MSCI UK Investable Market Index) returned 14.7%. the share price return […]
Large cap tech leaves Fidelity Asian Values behind – Fidelity Asian Values says that its share price returned +24.9% and the NAV returned +19.3% for the year ended 31 July 2017. This compares to the MSCI All Countries Asia ex Japan Index, which rose by 28.2%. The Board is recommending an 11.1% increase in the […]
Foresight Solar investing in Queensland – Foresight Solar Fund Limited has entered into binding contracts with Canadian Solar Inc., to acquire three construction stage assets in Queensland, Australia, representing 117MW of peak capacity once installed. The assets are Longreach Solar Farm (17 MW), Oakey 1 Solar Farm (30 MW) and Oakey 2 Solar Farm (70 […]
Jupiter US Smaller cuts fees – Jupiter US Smaller Companies has agreed to remove its existing performance fee arrangements. The base fee has also been reduced, with effect from 1 October 2017, from 0.80% of total assets per annum to a tiered fee amounting to 0.75% of adjusted net assets up to GBP150 million, reducing to 0.65% for […]
JPEL Private Equity gets cash for Accela stake – JPEL Private Equity says that one of its largest investments has been bought. On 29 September 2017, Berkshire Partners LLC made an investment in Accela, a leading provider of civic engagement software solutions for state, county and municipal governments. The sale of Accela resulted in an investment […]
Secure Property Development buying Romanian logistics portfolio – Secure Property Development and Investment has announced the proposed acquisition of up to a 50% interest in a portfolio of fully let logistics properties in Romania (the “Olympians Portfolio”), which currently generates a Net Operating Income of approximately €4.5m per annum. The Olympians Portfolio: Fully let Grade A […]
Stellar year for Pacific Horizon – In the year to 31 July 2017, Pacific Horizon’s NAV total return was 38.5%. During the same period, the total return of the comparative index, the MSCI All Country Asia ex Japan Index, was 28.6% in sterling terms. The share price total return was 42.5%, and the discount narrowed from […]
Schroder Japan Growth hits new highs – Schroder Japan Growth says that the year to 31 July 2017 has been an excellent one for its shareholders, with the NAV and share price reaching the highest levels in the company’s history. The NAV outperformed the TSE First Section Total Return Index, producing a total return of 20.4%, […]
Primary Health invests in Falkirk – Primary Health Properties has contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland. A wholly owned subsidiary of PHP has agreed to acquire Stenhousemuir Medical Centre for £8.65 million (net assets acquired of £8.65 million). The property comprises of 2,450 m2 and is fully let to […]
