LondonMetric Property has announced a placing of up to 62,804,390 new shares (approximately 9.9% of its issued share capital). They intend to use the net proceeds of the placing to fund the acquisition of predominantly “last mile” distribution assets and to finance newly committed distribution developments. The cash will be used to fund committed and potential investments and new […]
Standard Life Investments Property Income Trust posted a 4.4% return on net assets for 2016 (4.4% on an IFRS basis, on an EPRA basis the return was 4.9% – based on IFRS NAV of 81p, down from 82.2p, and EPRA NAV of 82p, down from 82.7p). The share price total return over the year was […]
Epiris has announced that it has sold Electra Private Equity’s remaining stake in Allflex Corporation to an existing shareholder. Electra has received proceeds of GBP70.3 million from the sale, an uplift of GBP1.5 million or 2% on the valuation of its investment in Allflex at 30 September 2016, equivalent to an increase in NAV per share […]
Fidelity Japanese Values delivered an NAV total return of 20.5% for the year ended 31 December 2016, marginally underperforming its benchmark but beating the rest of its peer group. The share price also went up, but only by 17.0% per share to 101.50 pence, as the discount to NAV widened to 17.1%. Over the year, key […]
BlackRock Emerging Europe says that, following discussions with the Manager, agreement has been reached on a revised management fee. The management fee will be reduced with effect from 1 April 2017 from 1.00% per annum of the Company’s average daily market capitalisation to 0.80% per annum of the company’s net asset value. BEEP : BlackRock […]
Marwyn Value Investors is launching a new management platform, Wilmcote Holdings plc, established in partnership with Adrian Whitfield, who has been appointed as its chief executive. Adrian is an experienced executive who recently spent nine years successfully implementing a turnaround and growth strategy at Synthomer plc, the UK listed specialty polymer operator. Over Adrian’s nine year tenure, he […]
The Board of Alpha Real Trust believes that the offer by Hansteen continues to grossly undervalue Industrial Multi Property Trust (IMPT) and have resolved to reject the offer. Given that the Board of Alpha Real Trust believes there is the potential for serious conflicts of interest between Hansteen and IMPT, resulting from Hansteen operating in the […]
The notice of the Annual General Meeting of Safestore to be held on Wednesday 22 March 2017 includes proposals to adopt a new Directors’ Remuneration Policy and the Long Term Incentive Plan (LTIP), which is intended to replace the existing LTIP (the proposals). Following consultations with shareholders, Safestore no longer intends to seek shareholders’ approval for […]
Kubera Cross-Border Fund says that its subsidiary, Kubera Cross-Border Fund (Mauritius) Limited, has entered into a binding sale and purchase agreement to dispose of its entire equity interest in Planetcast Media Services Ltd. Entities managed by a leading global private equity firm have agreed to purchase the Company’s interest in Planetcast for a consideration net […]
LondonMetric Property has announced the acquisition of two last mile distribution warehouses in Leeds for GBP12.0 million, reflecting a blended NIY of 6.0% and a reversionary yield of 6.5%. LondonMetric has acquired a new 100,000 sq ft warehouse on the Leeds ring road, close to the M1. The warehouse was completed in January 2017 and let […]
