Tritax Big Box REIT has announced the results of its Placing, Open Offer and Offer for Subscription of Ordinary Shares. Investor demand for the issue has significantly exceeded the targeted size of GBP200 million. The Board, after careful consideration with the Manager and in consultation with its Joint Financial Advisers, has exercised its right to increase the […]
In what seems like record time (less than six weeks) , 3i Infrastructure has today published its results for the year ended 31 March 2017. The chairman says that the company has had a strong year, completing six new investments totaling GBP479 million, executing a successful capital raise and delivering their target dividend of 7.55 pence per share for […]
International Public Partnerships has successfully completed its Placing, Open Offer and Offer for Subscription. Due to significant oversubscription from new and existing investors and after conducting a significant scaling-back exercise for non-pre-emptive allocations, the Board has elected to issue the maximum new shares available, raising gross proceeds of GBP330 million. The level of additional demand […]
Civitas Social Housing REIT has completed the purchase of two portfolios of regulated social housing for a total consideration of GBP19.3 million, comprising the freehold interest in 19 supported living properties, with 98 tenancies. The portfolios are immediately income generating with initial net yields in line with the company’s expectations and both were sourced off-market by […]
Polar Capital Global Healthcare Growth and Income Trust has announced further details of its proposals for the future of the company. Subject to the approval of shareholders and final regulatory approvals as required, it is proposed that: the existing investment mandate will be changed to a growth mandate. They expect to pay a dividend going forward, […]
The Board of LXi REIT has exchanged contracts to provide forward funding for the development of a new discount retail park in Bradford, Yorkshire, pre-let to Aldi and T. J. Morris Limited (trading as Home Bargains). The development represents an investment of GBP10 million, reflecting a blended net initial yield of 6.15% on the asset […]
The PRS REIT plc, a closed-ended real estate investment trust established to invest in the Private Rented Sector, has today announced its intention to seek admission to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange plc and an associated fund-raising of up to £250 million by way of a […]
Impact Healthcare REIT has completed the acquisition of the Core Seed Portfolio and the Mulberry Portfolio for a total consideration of GBP148,754,000. All outstanding lending facilities have been repaid in full and the Seed Portfolio has been acquired debt-free by the Company. The terms of the acquisition are in accordance with the prospectus published by […]
Damille II says that it notes the announcement by Sistema this morning and the fall in the share price of Sistema as a result (see below). The company holds 1,599,452 shares in Sistema and this holding accounted for 40.19 per cent of the NAV as at 31 March, 2017. The company acquired its holding in Sistema […]
Sirius Real Estate has completed the sale of its Rupert Mayer Strasse business park in Munich for EUR85 million to Munich based Fiduciary Capital and the agreement to lease back and manage the asset for six years. Notarisation of this transaction was first announced on 6 January 2017. Rupert Mayer Strasse business park has approximately […]
