Fair Oaks Income Fund has just published reorganisation proposals. The purpose of the Reorganisation Proposal is to allow those Shareholders who wish to extend the life of their investment in the Company beyond the planned end date of the existing Master Fund, FOIF LP, to be able to do so by having their Ordinary Shares re-designated as […]
GCP Asset Backed Income has committed to two loans of up to GBP17.5 million aggregate which will be used to finance UK residential property. The first loan, of up to GBP15 million and with a term of c.three years, will be secured on a subordinated ranking basis against a portfolio of eight co-living properties. The […]
Witan made a 22.9% return on net assets over the year ended 31 December 29016, more or less matching the 123.0% return posted by its benchmark. The underlying managers struggled with just three of their ten third party managers, together with the direct holdings portfolio, outperforming their benchmarks. There were significant positive contributions from the […]
Green REIT has exchanged contracts for the sale of Parkway Retail Park in Limerick, with completion expected by the end of March 2017. The contract price of EUR24.3 million is payable in two tranches, with EUR1.3 million of the price subject to securing planning consent for a vacant unit in the property for which a tenant […]
BlackRock Latin American says it made a 25.2% return on net assets for the year ended 31 December 2016 – in US dollars. The weakness of sterling meant that, despite a widening of the discount, shareholders made a 45.9% return. The dividend for the year was 15 cents, a fall of 28.6% on the previous […]
DW Catalyst has announced that shareholders holding 9,349,317 shares (57.6% of shares in issue) have voted in favour of discount trigger resolution. The effect of this is that all of the shares that were voted in favour will be redeemed by the company on 1 August 2017. Redeeming Shareholders will receive the proceeds in four quarterly […]
SEGRO is proposing to raise approximately GBP556 million (net proceeds) by way of a Rights Issue, the issue is fully underwritten. 1 for 5 rights issue of 166,033,133 ordinary shares of 10 pence each in the capital of the Company at a price of 345 pence per New Ordinary Share. The issue price of 345 pence per New […]
LXi REIT has exchanged contracts to acquire the Q-Park car park at Rockingham Street, Sheffield. The purchase price is GBP19.1 million (excluding purchaser’s costs), reflecting a blended net initial yield of 5.20% on the asset acquisition. The car park, which comprises 96% of the Property, is let to Q-Park Limited with a lease guarantee from […]
Secure Income REIT has published its results for the year ended 31 December 2016. EPRA NAV per share was up 14.4% to 323.6p and adjusted EPRA EPS was up over 330% to 11.3p for the year (from 2.6p). Quarterly distributions commenced in August 2016 and the company is currently yielding an annualised 4.1% on 31 December 2016 EPRA NAV. […]
Capital & Regional has announced results for the year ended 30 December 2016. EPRA NAV fell to 68p from 71p while adjusted earnings per share rose by 11.7% to 3.8p (based on earnings of £26.8m, also up 11.7%), allowing them to fully fund a dividend of 3.39p, up 8.7% on the previous year. The chairman says […]
