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 […]
The boards of Threadneedle UK Select Trust (UKT) and Henderson High Income Trust (HHI) have both made announcements regarding proposals to wind up Threadneedle UK Select Trustand roll-over into Henderson High Income Trust. Threadneedle UK Select faces a continuation vote at its forthcoming AGM and its Board says that it has been reviewing the options […]
With effect from 1 April 2017, James Goldstone will become the portfolio manager of Keystone Investment Trust plc. James Goldstone (39) has been a UK equities investment specialist for 15 years and a member of the Invesco Perpetual UK equities team for 5 years, working closely with and alongside Mark Barnett. In October 2016, James […]
MedicX Fund Limited has announced that following a period of consultation, the directors have determined that it is in the best interests of shareholders as a whole to convert to a Real Estate Investment Trust (“REIT”). It is intended that an EGM will be held later this financial year, allowing shareholders the opportunity to vote […]
LondonMetric Property Plc has sold three retail parks in Christchurch, Bedford and Maidstone for GBP60.9 million (LondonMetric share: GBP52.6 million). At Christchurch, the 104,000 sq ft retail park has been sold to clients of Orchard Street Investment Management for GBP34.5 million, reflecting a NIY of 5.65%. The property was purchased in 2013 for GBP27.1 million and […]
Polar Capital Global Healthcare Growth and Income Trust has announced brief details of its proposals for the future of the Company. Subject to the approval of shareholders and regulatory approvals as required, it is proposed that: the existing investment mandate is changed to a growth mandate; there will be a dividend going forward, but at a lower level than before; the name […]
Aberdeen Frontier Markets Investment Company has announced that both of the resolutions put forward at the EGM held today have been passed. As described in the circular to shareholders and notice of EGM dated 3 February 2017, resolution 1 was to approve the new Investment Objective and Policy of the Company and resolution 2 was […]
MedicX Fund Limited has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Cromer, Norfolk. The property is due to be completed in March 2018. The acquisition is being made under a new three year framework agreement which provides MedicX Fund the exclusive right to acquire, by way of […]
intu properties has exchanged and completed contracts with entities of the Ivanhoé Cambridge Group to acquire Xanadú shopping centre in Madrid, Spain, long with its associated management company and the SnowZone operating company, for a total cash consideration of EUR530 million, before working capital and other adjustments. The centre itself, excluding the management company and […]
