Epiris has announced that Electra has sold Pine Unit Trust as part of a wider transaction that saw Epiris raise £95m. PINE Unit Trust is a freehold investment property portfolio focused on the UK education sector. Epiris has sold this to the Universities Superannuation Scheme for GBP95 million. Electra Private Equity has received proceeds of GBP50 million […]
Schroder European Real Estate, which sits in the AIC’s European property sector, announced its interim results this morning and, yesterday, it announced that it had bought a shopping centre. Schroder European Real Estate buys Seville shopping centre Schroder European Real Estate Investment Trust (SERE) has completed the purchase of the Metromar shopping centre in Seville, Southern […]
MedicX Fund, has announced its fourth acquisition in Ireland having contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Tallaght, Dublin 24. This is the second scheme being developed under the Framework Agreement with Feasible Developments and the property is due to be completed in December 2017. Upon completion, the […]
P2P Global manager merging with Pollen Street Capital – MW Eaglewood is to be absorbed by Pollen Street Capital. Following an extensive process, P2P Global says it has concluded its review of its investment management arrangements. A joint proposal was submitted by the existing investment manager, MW Eaglewood Europe LLP, and Pollen Street Capital Limited […]
Great Portland Estates results for the year to 31 March 2017 have been released and, while NAV fell, earnings were up. The chief executive acknowledges the short-term challenges facing the capital but says that, in the long-term, London is one of only a handful of truly global cities. Valuation lower – driven by yield expansion in […]
Apax Global Alpha, a fund in the AIC’s private equity sector, has made a number of announcements this morning. Apax Global Alpha commits to Digital Fund It is committing US$50m to a new fund, Apax Digital Fund. The Apax Digital platform will aim to pursue a balanced portfolio of growth buyout and growth equity investments in technology companies globally. […]
John Laing Environmental Assets (JLEN) has announced that, further to the acquisition of the Moel Moelogan 2 wind farm (made of the on 20 April 2017), it has made a follow-on acquisition of the Moel Moelogan 1 wind farm (pictured) for a total cash consideration of £3.0m, including working capital and the repayment of a […]
CVC Credit Partners European Opportunities has announced that, in the light of the Company’s total return performance in 2016 and year to date 2017, its Board of Directors has revised the Company’s dividend target from the current level of 5 pence / 5 Euro-cents per ordinary share, to target a dividend of 5.5 pence / […]
David Hardy to take up the reins at John Laing Infrastructure Fund John Laing Environmental Assets (JLEN) has announced that David Hardy is transferring within John Laing Capital Management (JLCM) to take on the role as investment adviser to John Laing Infrastructure Fund (JLIF). David Hardy has been involved in leading the management of JLEN […]
For the year ended 31 March 2017, Land Securities’ NAV slipped as it said that its markets are pausing for breath. The chairman says that “In the London office market, we expected the occupational balance to shift from demand to supply during the course of 2017. The Brexit vote brought that inflexion point forward“…”Over the […]
