Supermarket Income REIT buys Bristol Tesco Superstore – Supermarket Income REIT has acquired the freehold of a Tesco Superstore, Lime Trees Road, Bristol, from a client of Aberdeen Asset Management for GBP28.5 million (net of acquisition costs), reflecting a net initial yield of 4.9%. The purchase has been funded out of the equity proceeds of […]
Scottish American’s deputy managers take charge – The Board of the Scottish American Investment Company has announced that James Dow and Toby Ross, previously Deputy Managers, have become Joint Managers of the fund. The Board said that it wished to extend its thanks to Dominic Neary, the former Manager of Scottish American, for his considerable contribution […]
Vietnam Opportunities paying dividends – Following consultations with the major shareholders of, and advisers to, VinaCapital Vietnam Opportunity Fund Limited, the Board of Directors has decided to amend VOF’s dividend policy. With immediate effect, the Board intends that the Company will pay a dividend twice per year, normally declared in March and October. The first […]
Witan fixes £30m debt for 37 years – Witan Investment Trust plc has today agreed to issue a GBP30m fixed rate 37 year secured private placement note at a coupon of 2.74%. The purpose of this transaction is to obtain fixed rate long dated Sterling denominated financing at a pricing level that the company considers […]
VinaLand sells My Gia stake – VinaLand Limited has announced that, further to the announcement dated 28 April 2017, it has divested its remaining stake in the My Gia project to a Vietnamese development company. The My Gia township development project is located in Khanh Hoa Province and was acquired by VNL in 2008. VNL’s disposal […]
LXi REIT buys another Premier Inn – LXi REIT has exchanged contracts to forward purchase the new Premier Inn hotel currently under construction at Wilson Street, Middlesbrough. The purchase price is GBP6.2 million, reflecting a net initial yield of 5.1% (net of acquisition costs). They have paid the vendor a 10% deposit with the balance […]
Civitas Social Housing invests in South West – The Board of Civitas Social Housing PLC has announced that the company has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP4.8 million, comprising the freehold interest in five supported living properties, with 28 tenancies, in the South West of […]
Fast Forward’s Schoold merging with Lingo Media – FastForward is pleased to announce that investee company, Vested Finance inc (trading as Schoold Inc) in which FastForward has an equity interest of 11.6%, has announced that it has now approved a definitive agreement dated August 10, 2017 to combine in a merger of equals through an all-stock […]
Empiric funding 166 bed development in Edinburgh – The Board of Empiric Student Property says that the Group has acquired land with planning permission and entered into a forward funded agreement for a 166 bed premium student accommodation development in Edinburgh for a total funding commitment of GBP26.56 million (excluding costs). The Property will be valued post-completion and […]
Renewables Infrastructure investing in battery storage project – The Board of The Renewables Infrastructure Group has announced that the company has completed the acquisition of a 100% interest in Broxburn, a battery energy storage project which is currently under construction in West Lothian, Scotland. Broxburn, a 20MW battery, was developed and is being constructed by RES, TRIG’s […]
